Tether boosts gold reserves to 146 tonnes, now worth $19B

Tether, the issuer of the USDT stablecoin, has expanded its gold holdings significantly in the second quarter of 2026, acquiring 14 additional tonnes. This purchase brings Tether’s total gold reserves to 146 tonnes, valued at approximately $18.8 billion. As a result, Tether is now one of the largest private holders of gold outside of government entities and central banks. This substantial increase in gold holdings comes as the company looks to bolster the backing of its stablecoin, which remains the largest dollar-pegged currency in the market. The move by Tether suggests a strategic decision to diversify and strengthen its reserve assets, with gold now representing about 10% of its $187.8 billion reserves. The acquisition may have implications for the broader gold market, as it indicates increased demand from private institutions. Analysts are observing how this development might influence gold prices, especially as market participants assess the potential impact on future gold price movements. Market data currently reflects limited immediate impact on gold reaching higher price thresholds by the end of December 2026. However, the acquisition by a major player like Tether could pl...