Tether holds 140 tons of gold worth $23 billion and plans to expand its gold reserves and trading business

Tether Holdings SA, the stablecoin issuer, holds approximately 140 tons of gold worth around $23 billion, making it one of the largest known physical gold holders outside of banks and countries. CEO Paolo Ardoino stated that the company is increasing its gold purchases at a rate of 1 to 2 tons per week, with the goal of establishing a long-term stable physical gold reserve in the former Swiss nuclear bunker and launching the gold token XAUT to address geopolitical challenges. By 2025, Tether will purchase over 70 tons of gold, second only to the Polish central bank and larger than most central banks and large gold ETFs. In addition, Tether has hired a former senior gold trader from HSBC to establish a gold trading platform and acquire shares in several medium-sized Canadian gold mining concession companies. In the fourth quarter of 2025, Tether increased its holdings of approximately 27 tons of gold reserves.