Tether CEO outlines strategy to expand dollar network, buy Bitcoin and gold

Tether isn’t just printing digital dollars anymore. CEO Paolo Ardoino has laid out a vision that positions the stablecoin giant as something closer to a sovereign wealth fund, one that distributes dollars globally while quietly amassing enormous reserves of Bitcoin and physical gold. Tether has been buying between 1 and 2 tons of gold every single week. Let that accumulate over months, and you get approximately 140 tons of gold valued at roughly $23-24B. Ardoino has indicated the company targets gold at approximately 10-15% of its investment portfolio. The purchases are funded not by minting more USDT, but by profits from Tether’s core operations. Tether earned an estimated $10-13.7B across 2024 and 2025, with expectations for 2026 running even higher. When your stablecoin has $186B in market circulation and you’re earning yield on the reserves backing it, the cash flow becomes almost absurdly large. The company has also reportedly been hiring ex-HSBC traders and expanding into gold trading operations. Tether has been allocating up to 15% of its realized operating profits to Bitcoin since May 2023, building a position that now sits somewhere in the range of 83,000 to 100,000 BTC. A...