Tether’s Gold Reserves Reach 148 Tons Valued at $23 Billion

Tether’s Gold Reserves Reach 148 Tons Valued at $23 Billion

Jefferies analysts say Tether’s gold stockpile now rivals mid-sized sovereign nations, reflecting a strategic shift to allocate up to 15% of its portfolio to bullion.

USDT
XAUT

Fact Check
The assessment is based on the single relevant and highly authoritative source provided: Tether's official news page. This source is described as referencing attestation reports by the global accounting firm BDO, which are the primary documents that would verify Tether's reserve holdings, including gold. The authority and relevance of this source are both high (0.90).The other five sources are explicitly noted in their summaries as being irrelevant to the specific claim about Tether's gold reserves. They provide no information to either support or contradict the statement. For example, the CFTC report does not cover the physical holdings of a private company, the saving.org link discusses a different unit of measurement (grams vs. tons), and the other sources are on completely unrelated topics such as a gold mining company and general information about gold.Given that there is only one pertinent source, and it is the official, audited source of information for the company's reserves, the statement's claims are presumed to originate from these BDO reports. With no conflicting evidence provided in the source set, the high authority and direct relevance of the primary source lead to the conclusion that the statement is likely true.
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Summary

Jefferies reported Tether’s gold reserves rose to about 148 tonnes, valued near $23 billion as of Jan. 31, 2026, after acquiring 26 tonnes in Q4 2025 and 6 tonnes in January. The accumulation ranked just behind Poland and Brazil in pace, placing Tether among the top 30 global holders and exceeding the reserves of countries like Australia and South Korea. The bullion backs both its USDT stablecoin and XAUT gold-backed token, whose supply rose to 712,000 tokens worth $3.2 billion by end-January. CEO Paolo Ardoino plans to allocate 10–15% of Tether’s $20 billion investment portfolio to gold amid strong demand in emerging markets.

Terms & Concepts
  • Tether: A major issuer of stablecoins in the cryptocurrency market, typically pegged to fiat currency values.
  • Physical Gold Reserves: Direct ownership of gold bullion stored in secure vaults, used as a hedge or asset diversification strategy.
  • Stablecoin: A cryptocurrency designed to maintain a stable value by being pegged to a reserve asset such as fiat currency or commodities.