Core Insights - Tether Holdings has become one of the largest private gold holders globally, with plans to prioritize gold over Bitcoin [2][3] Group 1: Gold Accumulation - Tether has accumulated approximately 140 tons of gold, valued at around $24 billion, stored in a high-security former nuclear bunker in Switzerland [2] - Over the past year, Tether purchased more than 70 tons of gold, acquiring one to two tons per week [2][4] Group 2: Funding and Strategy - The gold purchases are financed by profits from USDT, serving as reserves and backing for Tether's gold-backed token, XAUT [3] - Tether aims to actively trade bullion and has hired senior traders from HSBC to compete with major bullion banks [4] Group 3: Market Impact and Projections - Analysts note that Tether has contributed to gold's 65% rally in 2025, although it is not a dominant player [5] - Tether projects that the circulation of tokenized gold (XAUT) could reach between $5 billion and $10 billion, potentially serving as a gold-backed alternative to the U.S. dollar [6]

Core Insights - Tether Holdings has significantly increased its gold reserves, now holding approximately 140 tons, positioning itself as a major player in the gold market [1][3][6] - The company aims to compete with traditional banks in bullion trading, indicating a strategic shift towards becoming a key player in the gold sector [1][5] Group 1: Gold Accumulation - Tether purchased over 70 tons of gold in the past year for its reserves and its gold-backed stablecoin, XAUT, surpassing the holdings of the three largest exchange-traded funds [2] - The current value of Tether's gold reserves is estimated at $23 billion, making it the largest known treasury outside of central banks, ETFs, and private banks [3] - The company has been accumulating more than a ton of gold weekly and plans to continue this trend for the foreseeable future, assessing demand quarterly [3] Group 2: Storage and Security - Tether stores its gold in a former nuclear bunker in Switzerland, which is heavily secured, highlighting the company's commitment to the safety of its assets [4] Group 3: Market Position and Trading Intentions - Tether is looking to trade gold and compete with major financial institutions like JPMorgan Chase & Co. and HSBC, aiming for stable long-term access to gold [5] - Following the announcement of its gold holdings, Tether's gold-backed stablecoin, XAUT, experienced a price increase of 3.99% in 24 hours, with significant weekly and monthly gains [5]