Tether's Gold Reserves Exceed $23 Billion, Ranking Among Top 30 Global Holders

Odaily News Wall Street investment bank Jefferies released a report stating that stablecoin issuer Tether continues to increase its gold holdings. As of January 31, its gold reserves have grown to approximately 148 tons, valued at around $23 billion at current prices. Its holdings have surpassed those of many sovereign nations, placing it among the top 30 largest gold holders globally.

The report shows that Tether increased its gold holdings by about 26 tons in the fourth quarter of 2025 and continued to add approximately 6 tons in January of this year. Its quarterly gold purchases were second only to a few central banks, such as those of Poland and Brazil. Its current gold reserve size now exceeds that of countries including Australia, the United Arab Emirates, Qatar, South Korea, and Greece.

Jefferies noted that the aforementioned gold is primarily used to back the US dollar stablecoin USDT and the gold-pegged token XAUT. As Tether is not a publicly listed company, its disclosed data may represent only a minimum level, and its actual gold holdings could be higher than the published figures. Tether CEO Paolo Ardoino previously stated that the company plans to allocate approximately 10%–15% of its investment portfolio to physical gold. (CoinDesk)