Wallet, 0x1b7D, withdrew a combined 194.4 XAUT ($993,000) and 106.2 PAXG ($538,000) from MEXC on the same day.Meanwhile, blockchain analytics firm Lookonchain reported multiple high-value transactions during the final week of January, pointing to sustained whale interest in gold-backed tokens.Now, the precious metal is just shy of Morgan Stanley’s $5,700 forecast, and the $6,000 and $6,600 predicted by the Bank of America and Jefferies, respectively.As of this writing, gold was trading at $5,585, after Gold ...

Core Viewpoint - Tether's increasing demand for physical gold is becoming a significant force in the precious metals market, although its ability to independently influence gold prices remains limited [1]. Group 1: Tether's Gold Allocation Strategy - Tether plans to increase its gold allocation in its investment portfolio from approximately 7% to between 10% and 15% [1]. - If implemented, this adjustment could lead to an additional multi-billion dollar scale of gold purchases, given Tether's current stablecoin circulation of about $186 billion [1]. Group 2: Current Gold Holdings - Tether currently holds approximately 130 to 140 tons of physical gold, valued at around $23 to $24 billion [3]. - The gold allocation in Tether's overall assets has reached 12% to 13% after significant purchases over the past year [3]. Group 3: Market Mechanism and Impact - Tether's gold purchases primarily affect the demand side, as the short-term supply of gold is inelastic [5]. - The annual global gold production is about 3,500 to 3,600 tons, with recycled gold supply around 1,200 to 1,500 tons, making it difficult to significantly increase output in response to sudden demand spikes [5]. Group 4: Marginal Impact on Gold Prices - Tether's gold demand, estimated at 50 to 100 tons annually, accounts for about 1% to 2% of global annual supply, which is insufficient to dominate the market but can create marginal effects [7]. - The immediate impact of Tether's purchases is a tightening of physical gold liquidity, which may narrow bid-ask spreads and make gold prices more sensitive to incremental buyers [7]. Group 5: Price Support and Market Sentiment - Tether's weekly gold purchases of 1 to 2 tons may support gold prices by approximately 1% to 3% in the short term, particularly in contexts of a weakening dollar or rising geopolitical risks [8]. - Tether's positioning of gold as a "central bank-level reserve asset" resonates with market sentiments, especially as central banks have been increasing their gold purchases [9]. Group 6: Limitations of Tether's Influence - Despite Tether's significant role, its gold accumulation will not alter the long-term supply curve of gold, and its purchasing power cannot match that of sovereign buyers and ETFs [9]. - Macro factors such as Federal Reserve policies, dollar strength, and global risk sentiment remain the primary drivers of gold price movements [9]. Group 7: Conclusion - Tether's gold purchasing actions add structural demand support to the gold market, tightening the availability of physical gold and marginally supporting prices [10]. - Ultimately, Tether acts as a "stabilizer" in the market rather than a "game changer," reinforcing an already bullish market backdrop without triggering significant price surges on its own [11].

RT lito (@litocoen)stablecoin issuers are no longer USD onlyTether is finding success with XAUTCircle with EURCgiven current USD weakness we're probably going to see all the major currencies on chain soon ...

The gold rush has gone digital, and Bybit is leading the charge! 🥇Bybit is the #1 CEX for Tether Gold ($XAUT) @tethergold, commanding 16% of global spot volume. As Gold hits new all-time highs, smart money is moving on-chain.Why trade XAUT on Bybit?✅ Deepest Liquidity: Tight spreads even when TradFi markets are closed.✅ Flexible Yield: Earn up to 11% APR on your gold via Bybit Earn.✅ Max Leverage: Up to 10x on Spot and 50x on Derivatives.✅ Multi-Chain: Deposit via @solana , @Mantle_Official, @ethereum , and ...

The gold rush has gone digital, and Bybit is leading the charge! 🥇Bybit is the #1 CEX for Tether Gold ($XAUT) @tethergold, commanding 16% of global spot volume. As Gold hits new all-time highs, smart money is moving on-chain.Why trade XAUT on Bybit?✅ Deepest Liquidity: Tight spreads even when TradFi markets are closed.✅ Flexible Yield: Earn up to 11% APR on your gold via Bybit Earn.✅ Max Leverage: Up to 10x on Spot and 50x on Derivatives.✅ Multi-Chain: Deposit via @Solana, @Mantle, @Ethereum, and more.Don’t ...

Tether, the company behind the largest stablecoin by market cap, is amassing a huge pile of gold bullion in a former Swiss nuclear bunker. The “James Bond kind of place,” as its CEO, Paolo Ardoino, described the storage facility to Bloomberg, houses a gold collection of more than 140 tons. With gold’s ongoing rally, that’s about $24 billion worth. The crypto company bought at least 70 tons of gold last year, Bloomberg calculated, or more than was reported by any central bank besides Poland’s. Now, Ardoin ...

🚨 🚨 🚨 🚨 🚨 🚨 🚨 156,900,000 #USDT (156,733,686 USD) transferred from #Bitfinex to Tether Treasuryhttps://t.co/uBtwPAod1L ...

💥 First in the market!Earn up to 300% APR with $USAT (@usat), a USD-backed stablecoin powered by Tether(@tether)👉 Start earning now: https://t.co/WwmL4QWaIY https://t.co/xEPezaTd2a ...

Daily News 🗞 | January 29• Bitcoin traders eye $93.5K liquidation sweep despite Fed interest rate pause• Dubai Insurance launches crypto wallet premium payments, claims settlements• WisdomTree launches tokenized funds on Solana with USDC, PYUSD support• Ripple wins appeal in long-running XRP unregistered securities litigation• Tether plans up to 15% gold allocation as it nits $5,500+ another all-time high#CryptoNews #PoloniexNEWS ...

Group 1 - The core viewpoint of the articles highlights a significant surge in gold futures, with the main contract breaking the 1200 yuan/gram mark and reaching a new historical high of 1246.42 yuan/gram, reflecting an increase of over 25% this month [1] - The Federal Reserve has maintained the federal funds rate target range at 3.5% to 3.75%, aligning with market expectations [1] - Tether, a stablecoin issuer, has become one of the largest private holders of gold globally, accumulating approximately 140 tons of physical gold valued at around 24 billion USD, stored in a decommissioned nuclear shelter in Switzerland [1] - The Governor of the Bank of Ghana announced that the central bank has sold part of its gold reserves to obtain foreign exchange [1] Group 2 - Looking ahead, Hengyin Futures indicates that the overall trend for precious metals remains upward, despite recent volatility, and advises investors to be cautious of risks [2]