Tether's Gold Reserves Soar to 116 Tons, Competing With Small Central Banks

Tether, the company behind the popular stablecoin USDT, has significantly increased its gold holdings, which now total 116 tons. This substantial gold reserve positions Tether's holdings on par with those of smaller central banks, highlighting the growing importance of commodity-backed reserves in the cryptocurrency sector. The expansion underscores Tether's strategy to diversify its assets and strengthen the stability of its USDT stablecoin, which is pegged to the US dollar.