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Tether's 24K Crypto Conquest: From Stablecoin King to Global Gold Titan

Tether's Gold Rush: $12.9 billion vault in nine months

With $12.9 billion (104 tonnes) in physical bullion by Q3 2025—more than double from $5.3 billion at 2024's end—Tether has soared to be an elite private gold-holder. With gold accounting for 7% of its $180 billion reserves supporting USDT, Tether buys over one ton per week from Swiss refiners and currently keeps its stash in extremely secure vaults. This relentless speed outstrips most central banks and cements Tether as a crypto-commodity powerhouse.

Gold Empire of Elite Hires and Tokenized Gold

To create a bank-grade bullion desk and supercharge physical trading, Tether poached HSBC's leading metals traders—Vincent Domien and Mathew O'Neill—in November 2025. This feeds Tether Gold (XAUT), in which each token represents one ounce of LBMA-certified gold; reserves reach 11.6 tonnes ($1.5 billion tokenized), with market capitalization approaching $2 billion during gold's rise beyond $4,168/oz. For unequaled liquidity, the approach combines physical reserves, mining stakes, and 24/7 crypto trading.

Shadow Bank Growing: Mining, Loans, and Worldwide Effects

By using $1.5 billion in commodity trade financing and seizing a 37.8% ownership stake in a Canadian gold royalties firm, Tether is becoming a "borderless shadow bank." Tether improves USDT credibility by linking crypto and conventional metals with auditable physical support while riding the 2025's central bank gold frenzy (1,000+ tonnes purchased). Its purchasing binge is changing worldwide gold dynamics by combining DeFi speed with hard-asset stability.

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