Tether Purchases 6 Tons Gold, Reserves $20B

Tether Holdings SA acquired more than six metric tons of gold during Q1 2026, expanding its bullion portfolio.
Gold reserves valued at $19.8 billion, equivalent to 132 tons, making Tether the largest private bullion holder globally.
Purchase pace slowed versus 2025, when Tether bought 70 tons of gold; gold hit $5,600 in January then fell after US‑Iran war.
Tether's USDT stablecoin has $190 billion circulating, and the firm earns revenue by converting dollars to USDT and investing in Treasuries and bullion.