Tether Says It Holds About 140 Tons of Gold as It Moves into the Bullion Market

Tether Holdings CEO Paolo Ardoino told Bloomberg that the company now holds roughly 140 tons of gold, a buildup the firm has carried out over the past year as part of its strategy to harden USDT and its gold-backed tokens against fiat risk ^[1][4].

Independent reporting shows some variation in the totals: the Financial Times reported that Tether owns at least 116 tonnes of bullion and said the company has been a major beneficiary of the recent gold rally, with an estimated $5 billion windfall as prices rose ^[2].

Tether says it plans to actively trade its gold reserves and to expand its role in the bullion market, aiming to rival large financial players; some reports add that the metal is being stored in a Swiss facility and that purchases exceeded roughly a ton per week during the accumulation period ^[3][5][4].

Company statements to Bloomberg and follow-up coverage indicate Tether has materially increased its physical-gold holdings and intends to pursue trading and reserve strategies in the bullion market, though public accounts differ on the precise tonnage reported ^[1][2][3].