Tether holds 82 tons of gold and 100,000 Bitcoins…Ranks 18th in the world for US Treasury bonds

The stablecoin 'USTDT' issuer Tether has significantly increased its gold reserves in Q2, entering the top 40 global rankings among central banks and financial institutions.

According to Tether’s Q2 reserve report, its gold holdings reached $8.7 billion, increasing by $2 billion from $6.7 billion at the end of Q1. It additionally purchased 15 tons of gold in Q2, bringing the total holdings to 82 tons. This places Tether within the top 40 major holders in the world, alongside organizations such as the International Monetary Fund (IMF) and the Bank for International Settlements (BIS).

Their Bitcoin and US Treasury holdings are also substantial. Paolo Ardoino, CEO of Tether, stated on X on the 9th (local time), “Tether is now ranked 18th in the world for US Treasury bond holdings, in the top 40 for physical gold holdings, and owns more than 100,000 Bitcoins.”