**[Tether's Gold Reserves Surge to 116 Tons, Comparable to Small Central Banks]** Reported by Jinse Finance, according to CoinDesk, investment bank Jefferies' latest report highlights that stablecoin giant Tether has quietly become one of the most influential new buyers in the gold market. The report estimates that Tether currently holds at least 116 tons of gold, with 12 tons backing its XAUt token (valued at approximately $1.57 billion) and about 104 tons backing USDT (valued at approximately $13.67 billion), making it the world's largest non-sovereign gold holder, comparable in scale to small central banks. In the third quarter alone, Tether increased its holdings by approximately 26 tons, accounting for 2% of global demand. Analysts note that with the growth of USDT and Tether CEO Paolo Ardoino's projection of $15 billion in profits by 2025, the company may continue to increase its gold reserves. This year, gold prices have risen by over 50%, currently trading at approximately $4,080 per ounce.