Tether buys $8.7B gold, launches gold-backed crypto

Business Nov 13, 2025

Tether, the company behind USDT stablecoin, just bought $8.7 billion worth of physical gold—now locked away in Swiss vaults.
This makes them one of the biggest private gold holders globally, right as gold prices hit record highs thanks to economic uncertainty and inflation worries.

Tether's bold gold move

Tether's move is all about making its reserves safer by relying less on cash and government debt.
They've also launched Tether Gold (XAUT), a digital token backed by real gold in those vaults, letting people own a piece of actual gold through crypto.
It's a big step toward blending traditional assets with digital finance and boosting trust during shaky economic times.