Tether становится крупнейшим частным держателем золота, сопоставимым с Центральными банками нескольких стран Translation: Tether Becomes Largest Private Holder of Gold, Comparable to Central Banks of Multiple Countries

By the end of September, the reserves of the company Tether had reached 116 tons of gold. This volume is comparable to the gold holdings of South Korea, Hungary, or Greece, according to analysts from investment bank Jefferies, as reported by Fortune.

Experts identified the issuer of USDT stablecoins as the largest private holder of the precious metal outside the public sector.

Analysts noted that the company’s aggressive purchasing strategy could have directly influenced the recent increase in gold’s market value. In the last quarter, Tether accounted for nearly 2% of global demand, which is equivalent to 12% of the total purchases made by all central banks.

According to Jefferies, the issuer plans to acquire an additional 100 tons of physical gold in 2025. The company’s financial results support this aim, with projected profits this year approaching $15 billion.

Experts believe that the company is betting on the widespread acceptance of tokenized gold. Since early August, Tether has added over 275,000 ounces of gold to the collateral for its gold-backed stablecoin XAUT, worth approximately $1.1 billion.

Unlike ETFs or physical ownership, tokenized gold offers 24/7 trading and no storage fees. At Jefferies, it is thought that Tether’s CEO, Paolo Ardoino, views this asset as a «natural Bitcoin» and a means for diversifying reserves amid risks related to the US dollar.

It is noteworthy that by the end of the first nine months of 2025, Tether International’s net profit exceeded $10 billion.