The largest issuer of the USDT stablecoin, Tether, has unexpectedly become a leader among private gold holders in the world. According to data for the third quarter of 2025, the corporation has purchased more precious metal than any central bank on the planet, including the traditional market leaders — China, India and Turkey.
This step has become one of the most discussed decisions in the global financial environment. Investors called the situation an "unexpected but logical paradox": a cryptocurrency company is strengthening its reserves with exactly the asset that has historically been considered a stronghold of conservative banks and states.
According to analysts, the volume of Tether's gold reserves has grown to record levels, which allowed the company to overtake even the largest sovereign wealth funds in terms of metal purchases. Representatives of Tether associate the strategy with the need to strengthen the stability of USDT against the background of global volatility and a gradual shift away from dollar dependence.
Experts note that the demand for gold from the crypto market is changing the balance of power in the global precious metals market. Sectors that have existed in parallel for decades — the crypto industry and traditional "safe havens" — have entered into direct interaction. The growing interest of Web3 companies in physical assets may become a long-term trend.
Experts predict that Tether and other major crypto platforms will increase reserves, as this increases investor confidence, facilitates access to regulated markets, and reduces risks amid tighter controls in the United States and the EU.
For the global gold market, Tether's activity means the emergence of a new major buyer capable of influencing prices and government procurement strategies. Banks traditionally react to such changes with caution, since the influence of private structures in the field of reserves of precious metals has previously remained limited.
