Tether’s gold holdings are now close to $20 billion in value as the company keeps buying large amounts of physical gold. The move strengthens Tether’s position as one of the world’s biggest private owners of gold outside of governments and central banks.
According to a May first report from Bloomberg, the purchases are part of Tether’s effort to diversify its reserves and support the growth of its gold-backed digital token called XAUT. The company is adding more hard assets like gold alongside the cash and government bonds that back its stablecoin business.
“Tether’s gold reserves are nearing $20 billion as the company continues its buying spree.”
Analysts believe Tether now owns around 130 to 140 metric tons of gold. That amount is similar to the gold reserves held by some smaller countries. The company has continued buying steadily through early 2026, making it an important buyer in the global gold market.
“The scale of accumulation puts Tether among the largest private holders of gold globally.”
Tether’s strategy shows how parts of the cryptocurrency industry are starting to rely more on physical assets to strengthen confidence in their financial systems. By combining dollar-backed digital currencies with gold-backed products, the company is trying to connect the crypto world with traditional safe-haven assets.
The buildup also comes during a period of strong global demand for physical gold. Central banks, investors in Asia, and growing geopolitical tensions have all helped push interest in gold higher. As a result, gold continues to play a major role as a trusted reserve asset for both governments and private companies.
