Tether’s $10B Gold Hoard Rivals Central Banks as Stablecoin Reserves Shift
Tether’s reserves have undergone a quiet transformation—from digital dollar backing to physical gold accumulation. The stablecoin issuer now holds over 100 tons of bullion, worth $10B+ at current prices, placing it among the world’s largest private gold holders. This positions Tether alongside mid-tier central banks, an unprecedented move for a cryptocurrency entity.
The buildup accelerated sharply between late 2024 and mid-2025, with Bloomberg charts showing near-vertical growth curves. The scale reflects both aggressive purchasing and gold’s price appreciation during periods of inflation and geopolitical tension.
Unlike traditional stablecoin models anchored to short-term government debt, Tether’s strategy now leans heavily on precious metals as a hedge. Analysts note the reserve composition—now approaching $12B-$15B in Gold value—signals deeper concerns about fiat currency stability.
