116 tons! Crypto platform buys more gold than central banks and now has larger reserves than most countries

Tether is now sitting on a gold reserve of 116 million tons, and the trend is rising rapidly. (Image source: Zlaťáky.cz / Unsplash)

In addition to the untouched crypto champion Bitcoin, there are a few other cryptocurrencies that stand out from the crowd. In addition to Ethereum, this also applies to Tether.

This is what happened: A report from the Financial Times suggests that Tether has purchased large stocks of gold in recent months.

Im Detail:

• Since April 2025, Tether is said to have purchased 50 tons of gold.
• The gold reserves, which now total 116 tons, are said to be stored in Switzerland.
• Another 50 tons of gold are expected to be added by the end of 2025.

With 116 tons of gold, Tether does not yet make it into the top 10 countries with the most gold reserves, but it is already ahead of countries like Hungary, South Korea and Australia.

0:57

The hunt for Bitcoin worth 732 million euros in a garbage dump becomes a video game

For comparison: The USA leads the ranking with around 8,100 tons of gold, followed by Germany with around 3,300 tons of gold and Italy with around 2,400 tons of gold.

What Tether plans to do with the gold is not known

The exact reason for purchasing this amount of gold is not known. Tether is a so-called stablecoin, which is tied to another value, such as gold or cash.

Tether Gold is a cryptocurrency that uses gold as an equivalent, but only 16 tons of the precious metal are currently required.

So the remaining 100 tons serve another purpose. In addition, Tether is said to plan to purchase an additional 50 tons of gold in the fourth quarter.

Tether is also said to have invested $300 million in gold producers. It would be conceivable that Tether tries to use gold to represent part of the underlying value.

An analysis by financial experts at Jefferies suggests that Tether could launch a token-based cryptocurrency linked to the precious metal. A token represents a specific value that is stored on a blockchain and can be traded.

Simply put, this allows buyers to purchase shares of physical gold using cryptocurrency. However, to what extent this is true remains to be seen.

Now your opinion is asked. Do you already own cryptocurrency or plan to get involved in the future? Or is that not for you at all? Feel free to write us a comment.