Tether bought more gold last quarter than every central bank
byu/RobertBartus inEconomyCharts
Singapore, November 25, 2025 – Tether, the issuer of the world’s largest stablecoin, USDT, has sent ripples through both the cryptocurrency and traditional financial markets with its aggressive gold acquisition strategy in Q3 2025. The company announced a substantial accumulation of approximately 26 tonnes of gold during the third quarter, catapulting its total gold reserves to an estimated 116 tonnes by the end of September 2025. This colossal hoard now positions Tether as one of the largest non-sovereign holders of gold globally, rivaling the official reserves of several mid-sized national central banks and signaling a profound shift in its reserve management philosophy.
This strategic pivot underscores Tether’s ambition to fortify the backing of its stablecoin, enhance transparency through tangible asset diversification, and hedge against the prevailing macroeconomic uncertainties. The move has not only influenced bullish sentiment in the gold market, contributing to a significant price rally throughout 2025, but also ignited debates about the evolving role of stablecoins and the potential emergence of a “borderless central bank” system.