[Jefferies: Tether Held a Total of 116 Tons of Gold for Clients Over the Past 2 Quarters] According to a report by Jinse Finance, data from Jefferies shows that in the two quarters ending September 30, stablecoin USDT issuer Tether held a total of 116 tons of gold for clients, equivalent to approximately $14 billion at current prices, surpassing the official gold purchase volume reported by any central bank.