Japan and China are dumping U.S. debt. Tether is jumping into the worldwide gold rush. Gold remains one of the strongest hedges against relentless government and central bank policies

The crypto industry is now competing with central banks for gold:

Tether purchased +26 tonnes of gold in Q3 2025, surpassing all official central bank buying.

In comparison, Kazakhstan acquired +18 tonnes, Brazil +15 tonnes, and Turkey +7 tonnes.

As a result, Tether’s gold buying reflected ~12% of total central bank purchases and ~2% of total global gold demand.

The trend strengthened from Q2, when the company bought +24 tonnes of gold, exceeding Poland and Kazakhstan at +19 and +16 tonnes.

This pushed Tether’s total gold reserves to a record 116 tonnes, making it the largest gold holder outside central banks.

Tether is jumping into the worldwide gold rush.