Tether Bolsters Gold Reserves, Reaching 116 Tons, Equipping Them to Rival National Banks

Tether has significantly increased its gold reserves to over 116 tons, reaching a scale comparable to some national banks. This move positions Tether as one of the largest private holders of gold globally, with assets estimated between $8.7 and $12 billion. The company intends to utilize these reserves to support its Tether Gold (XAUT) product, catering to retail investors seeking stable assets during times of global uncertainty.