USDT’s Backing Gets More 'Macro' as Tether Adds 27 Tons of Gold

That equated to about 104 tons at then-market prices. Gold represented about 7% of reserves at the end of September 2025. Key Takeaways Tether said Monday it added about 27 metric tons of gold in Q4 2025, extending a run of heavy bullion buying as the issuer of USDT and Tether Gold (XAUT) leans further into "hard" collateral. The move lands as gold hits new highs. Spot gold surged to a record $5,110.50 per ounce on Jan. 26, as investors piled into safe havens amid rising geopolitical tension and market vola ...