Tether Emerges as Top Gold Buyer, Outpacing Central Banks

A startling shift is taking place in global gold markets: private crypto company Tether is now acquiring more gold than many central banks. New data reveals that Tether has been purchasing over 26 tonnes of gold this year, outpacing even countries like Kazakhstan and Brazil, who are typically major buyers of the precious metal. This unprecedented move sees Tether’s gold purchases exceeding those of key sovereign entities such as those in Kazakhstan, Brazil, and Turkey.