Tether Becomes World's Largest Gold-Holding Institution Excluding Central Banks

JH Kim

Summary

The Financial Times reported that Tether has become the world's largest private institution in gold holdings, excluding central banks.
Tether said that USDT reserves include gold, Bitcoin, and U.S. Treasuries, and that the share of gold holdings has been rapidly increasing.
The market said that this move by Tether is leading to the strengthening of reserve safety and to a redefinition of the role of stablecoin issuers.

An analysis found that Tether has risen to become the institution holding the most gold in the world, excluding central banks. The stablecoin issuer Tether has entered the global top ranks not only in Bitcoin (BTC) but also in gold holdings.

On the 25th (local time), the Financial Times (FT) reported, "Tether has become the world's largest gold-holding institution in the private sector." Tether has stated in a recent reserve report that it holds a substantial amount of gold.

USDT's reserve composition includes gold, Bitcoin, and U.S. Treasuries, and analysts say that as the share of gold holdings has rapidly increased, its influence in international markets is expanding.

FT added, "Tether's gold holdings exceed those of major gold ETFs."

Tether has emphasized that it has recently been strengthening reserve safety by using value-store assets, and market analysts say this expansionary move is redefining the role of stablecoin issuers.