On January 27, news, the stablecoin giant Tether is accelerating its layout in the gold market. CEO Paul Ardoino stated that the company plans to become the “gold central bank” in the post-dollar era and actively trade its massive gold reserves. Ardoino pointed out that as potential US competitors may launch dollar substitutes backed by gold, Tether’s role in the global gold market will further expand. He believes that gold is “logically safer than any national currency.”
According to reports, Tether has accumulated nearly 140 tons of gold, stored in an underground facility built during the Cold War in Switzerland, second only to the gold held by central banks, ETFs, and commercial banks worldwide. Tether purchases about one to two tons of gold weekly and plans to maintain this pace in the coming months. With recent significant increases in gold prices, the total value of its gold reserves has exceeded $23.3 billion, with gold priced at approximately $5,234 per ounce.
Tether is expanding its trading business, not only holding gold reserves but also planning to actively trade to capture market arbitrage opportunities. Ardoino revealed that the company has hired two senior gold traders from HSBC to oversee precious metals market strategies. Additionally, Tether has acquired shares in Canadian listed companies such as Elemental Altus Royalties and Gold Royalty Corp. through equity investments to strengthen its presence in the precious metals sector.
In terms of stablecoin business, USDT still dominates globally, with a circulation exceeding $186 billion. Meanwhile, Tether’s issued Tether Gold (XAUT) has a market value of $2.62 billion, accounting for more than half of the gold stablecoin market. The company also announced today the launch of a new stablecoin USAT for US users and appointed former White House cryptocurrency policy advisor Bo Hines to the USAT team to enhance compliance and market expansion of dollar-pegged products.
Analysts believe that Tether’s strategy demonstrates a trend of deep integration between stablecoins and precious metals. As gold and other metal prices continue to strengthen, Tether not only consolidates its position in the global crypto financial market but also actively challenges traditional banks’ leadership in gold trading and asset management.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Delphi Digital: Sufficient collateral backing for stablecoins does not mean immunity from bank runs; the risk has shifted to the issuer level
Delphi Digital analysis points out that although Tether and Circle's stablecoins are backed by short-term Treasury bills and cash equivalents, they are not completely safe and still face bank run risks. The USDC depegging event in early 2023 demonstrated that stablecoin risks have shifted to issuers, highlighting the dangers posed by their centralization.
GateNews03-16 04:21
Boris Johnson criticizes Bitcoin as a Ponzi scheme, with crypto industry leaders collectively refuting the claim
Former British Prime Minister Boris Johnson characterized Bitcoin as a "Ponzi scheme" and warned investors, particularly elderly individuals, to exercise caution using personal examples. Industry figures such as Michael Saylor quickly refuted the claim, pointing out that Bitcoin lacks a centralized operator, which is a key characteristic of Ponzi schemes. These remarks sparked widespread discussion and reignited controversy over the definition of Bitcoin.
MarketWhisper03-16 03:58
Tether Announces Major AI Breakthrough, QVAC Serverless Intelligence May Usher in Open Source Era
Tether CEO Paolo Ardoino announced that a major breakthrough from the AI division will be released this week, marking progress in decentralized intelligent infrastructure. The QVAC platform aims to enable AI models to run locally on consumer-grade devices with efficient inference and task automation capabilities. Supported by Tether's financial resources, QVAC continues to iterate and involves multiple cutting-edge technologies, though its future breakthroughs still require observation of actual results.
MarketWhisper03-16 02:56
Tether CEO Paolo Ardoino Teases 'True Breakthrough' in Decentralized AI
Tether CEO Paolo Ardoino announced on March 15, 2026, that the company's AI division will release what he described as a "true breakthrough" in the coming week, marking the next phase of the stablecoin issuer's decentralized intelligence strategy.
CryptopulseElite03-16 02:53
Gate Daily Report (March 16): "Super Central Bank Week" Interest Rate Decisions Incoming; US Reveals Iran Conflict Resolution Timeline
Bitcoin (BTC) staged a strong rebound over the weekend, trading around $72,490 as of March 16. A "Super Central Bank Week" is upon us, with the shadow of Iran conflict looming over global interest rate decisions. U.S. Energy Secretary Lyte stated that the Iran conflict will end "in the coming weeks," after which oil supply will rebound and energy prices will decline. The International Energy Agency revealed that emergency reserve oil will soon begin flowing into the global market.
MarketWhisper03-16 01:36
Tether hints at a new "AI breakthrough," advancing the decentralized intelligence strategy
Tether's CEO announced a significant AI breakthrough coming soon, following the release of QVAC Workbench 0.4.1. This platform enables on-device AI operation without cloud servers, supported by Tether's substantial profits primarily from U.S. Treasury bonds.
TapChiBitcoin03-16 01:02
