Tether Buys 116 Tons of Gold in 2025, Challenging Central Bank Demand

Tether expanded its physical gold holdings in 2025, with analysts estimating 116 metric tons for the year, including about 26 tons in Q3 and roughly 27 metric tons in Q4. Funded by profits from a roughly $187 billion USDT float, the issuer intensified a diversification strategy as XAUT captured about 60% of gold-backed stablecoin supply.