Citing RBC, Tether, the issuer of the USDT stablecoin, became one of the world's largest gold buyers in Q3 2025, according to Jefferies. The firm estimates Tether's gold purchases exceeded 10% of central bank demand and nearly 2% of global demand. Tether's gold reserves are now comparable to those of South Korea, Hungary, and Greece. Blockchain data shows Tether added over 275,000 troy ounces of gold to its reserves since August, totaling around $1.1 billion. Jefferies suggests this activity may have reduced short-term gold supply and influenced prices, which hit a record high in October. Tether's gold holdings reached 116 tons by September, making it the largest private gold owner, per Jefferies.
Tether's Gold Reserves Surpass Several Nations, Jefferies Suggests Impact on Prices
RBCShare
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.