Tether disclosed that it increased its gold reserves by approximately 27 tons in the fourth quarter of 2025, roughly in line with analysts’ estimates of 26 tons in the third quarter. It added that its gold reserves are now comparable to those held by some sovereign central banks.
Tether’s USDT stablecoin has a circulating supply of $187 billion, while its gold token XAUT has a circulating value of $2.7 billion. As of December last year, XAUT was backed by 16.2 tons of gold, accounting for 60% of the global supply of gold-backed stablecoins.
The most recent audit, up to the end of September last year, showed that USDT’s reserves included $12.9 billion worth of gold. This amount was equivalent to approximately 104 tons at the then-current gold price.
Leave a Reply