Tether Emerges as Major Gold Buyer, Driving Price Surge
据天风国际消息，Tether, the issuer of the USDT stablecoin, has become the largest single gold holder outside central banks, holding 116 tons valued at $140 billion as of September 30, contributing to a 56% surge in gold prices in 2025.
In the third quarter, Tether purchased 26 tons of gold, accounting for 2% of global gold demand and 12% of known central bank purchases. This buying activity tightened supply and drove speculative inflows, aligning with the second wave of this year's gold price surge. Tether plans to buy about 100 tons of gold in 2025 for reserves backing its gold token XAUt and USDT stablecoin, with 12 tons allocated to XAUt reserves and 104 tons to USDT reserves as of September 30. To support this, the company hired experienced traders Vincent Domien and Matthew O'Neil from HSBC and invested in gold supply chain firms. As a key player, Tether amplifies gold's volatility and tightens supply-demand dynamics.
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