Tether gold Stablecoin issuer Tether is deepening its exposure to gold with a $150 million investment in Gold.com, Inc. (NYSE: GOLD), according to an announcement on Thursday. Tether has agreed to initially purchase approximately $125 million worth of GOLD common shares and an additional $25 million upon regulatory approval, the firm said. The stablecoin issuer will be allowed to nominate a Gold.com board member. "The Investment establishes a strategic partnership designed to bridge physical precious meta ...

Tether has quietly pulled back from plans to raise as much as $20 billion in fresh capital after facing investor resistance to a proposed valuation that would rank the stablecoin issuer among the world’s most valuable private companies, per an FT report on Wednesday. The company, which issues the USDT stablecoin with over $185 billion in circulation, had explored a funding round last year that could have valued Tether at around $500 billion, according to people familiar with the talks. Advisers have sin ...

A major player in digital finance is quietly becoming one of the largest private gold holders on the planet. As per a Bloomberg report, Tether, the company behind the $186 billion USDT stablecoin, has now accumulated about 140 metric tons of physical gold stored in high-security vaults inside a former nuclear bunker in the Swiss Alps. The disclosure came this week, offering a rare look into how the firm is reshaping its reserves. The stash is worth an estimated $23 billion–$24billion at today’s prices. ...

Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Tether Holdings has emerged as one of the world's largest private gold holders, with CEO Paolo Ardoino announcing further ambitions to allocate to gold over Bitcoin (CRYPTO: BTC). Tether’s Bold Bet: Gold Over Bitcoin Tether, issuer of the $186 billion stablecoin USDT (CRYPTO: USDT), has accumulated roughly 140 tons of gold — valued at about $24 billion — in a high-security former nuclear bunker in Switzer ...

Crypto giant Tether Holdings has been shaking up the rising gold market with massive metal hoarding over the past year. The stablecoin issuer now holds around 140 tons of gold, according to CEO Paolo Ardoino. In an interview with Bloomberg, Ardoino spoke that Tether aims to continue to cultivate its massive profits from holding, competing with banks in bullion trading. “We are soon becoming basically one of the biggest, let’s say, gold central banks in the world,” he noted. Tether’s Rapid Gold Purchase ...

Group 1: Karman Holdings Inc. (KRMN) - Karman had its IPO on February 13, 2025, at a price of $22 per share, and ended the year at just above $73, achieving over 230% return [3] - The company is a supplier of mission-critical components to nearly every prime defense contractor in the U.S. space and defense market, supporting high-growth areas like hypersonic missiles [4] - Karman's gross margin was 41% last quarter, ranking it among the top five mid-cap or larger U.S. aerospace and defense stocks, indicating strong pricing power [5] Group 2: Market Performance and Analyst Outlook - In 2025, over 200 companies had IPOs on U.S. exchanges, but less than a quarter outperformed the S&P 500's 18% return [2] - Karman, along with Circle Internet Group (CRCL) and HNGE, delivered impressive returns between 40% and over 200% [7] - The consensus price target for Karman is $80.43, implying around 5% upside, indicating continued analyst optimism despite significant prior gains [5]

Core Insights - The US Office of the Comptroller of the Currency (OCC) has approved five crypto companies, including Circle and Ripple, to establish national trust banks, marking a significant regulatory move to integrate crypto into the banking system [1][4][9] Group 1: Regulatory Developments - The approvals represent a proactive step by the Trump administration to incorporate cryptocurrency into the regulated banking framework [3] - The national trust bank charter allows these firms to custody assets and provide select banking services without accepting deposits or issuing loans [4] - The OCC has also permitted BitGo, Fidelity Digital Assets, and Paxos to convert existing state trust companies into federally chartered banks [5] Group 2: Operational Implications - The new charter enables firms to operate under a unified national standard, alleviating the challenges of navigating various state regulations [6] - Paxos is specifically authorized to issue stablecoins under federal oversight, while Ripple's charter prohibits the issuance of its US dollar-pegged RLUSD through the bank [6][9] Group 3: Industry Perspective - Crypto firms assert that a national trust bank charter enhances clarity and boosts client confidence, particularly in custody and settlement services [7] - The move is seen as a way for stablecoin issuers to gain credibility with corporate partners and differentiate themselves from less regulated competitors [7] - The OCC's actions are viewed as a means to ensure the federal banking system evolves alongside advancements in finance [7] Group 4: Market Context - The approvals come at a time when the crypto industry is striving for greater legitimacy in Washington, with several public listings anticipated in 2025 [8] - tZero Group, a blockchain infrastructure firm, has announced plans to go public in 2026, indicating growing interest in the sector [8]

Core Insights - Bybit and Circle have formed a strategic partnership to enhance USDC services across Bybit's platform, focusing on liquidity in spot and derivatives markets, and improving fiat-to-crypto on/off-ramps [1] - The partnership aims to facilitate easier access to USDC for both retail and institutional users, as stated by Circle's CEO Jeremy Allaire [2] Group 1: Partnership Details - The collaboration will enhance USDC liquidity and expand its integration into Bybit services such as Bybit Card, Bybit Earn, and Bybit Savings [1] - The partnership is timely as Circle reported a significant increase in USDC circulation, reaching $73.7 billion at the end of Q3 2025, a 108% year-over-year growth [2] Group 2: Financial Performance - Circle's total revenue and reserve income for the quarter was reported at $740 million, reflecting a 66% year-over-year increase, with adjusted EBITDA of $166 million, up 78% from the previous year [3] - Despite a downturn in the broader cryptocurrency market, stablecoin issuers like Circle continued to mint new coins, with approximately 20 million new coins backed by fiat reserves [3] Group 3: Market Context - The stablecoin market, including Circle, has shown resilience despite the overall market dip, although analysts have raised concerns about the long-term stability of the sector due to the underperformance of Bitcoin and Ethereum [4] - Recent downgrades of Tether's rating by S&P have sparked discussions about the stability of stablecoins, with Tether's CEO dismissing the rating as unfounded [4][5]

Group 1 - Circle Internet Group's shares fell 12.9% this week, reaching new lows after its IPO earlier this year, influenced by a broader decline in the cryptocurrency market and falling Bitcoin prices [1] - Bitcoin's price has decreased by 20% over the last month, currently trading at $85,000, which negatively impacts the sentiment around cryptocurrencies [2] - Despite the negative sentiment, Circle operates as a stablecoin issuer with its USDC currency pegged to the U.S. dollar, aiming to increase its use in payments and personal finance [3] Group 2 - In the last quarter, USDC in circulation grew 108% year-over-year to $73.7 billion, with Circle generating revenue of $292 million, a 55% increase, and achieving a net income of $153 million [4] - Circle's business model resembles that of a bank, investing in interest-earning assets like U.S. Treasury bonds, which contributes to its profitability [4] - The stock is considered potentially undervalued, trading at a market cap of $17 billion with a P/E ratio of 28, while annualizing its net income suggests over $600 million in earnings power [7]

Core Viewpoint - The recent surge in gold prices is attributed to Tether's significant accumulation of gold, which has tightened supply and contributed to the price rally, rather than traditional market drivers [1]. Group 1: Tether's Gold Accumulation - Tether has reportedly aimed to purchase around 100 tons of gold in 2023, following meetings with miners and royalty firms [2]. - Analysts estimate Tether held at least 116 tons of gold by the end of Q3 2023, with 12 tons backing its XAUt token and approximately 104 tons backing USDT, making it the largest non-sovereign holder of gold [3]. - The pace of Tether's gold accumulation was notable, with around 26 tons acquired in Q3 2023, representing about 2% of global demand [4]. Group 2: Future Projections and Strategies - Tether is expected to continue its gold accumulation as USDT grows, maintaining gold at about 7% of its reserves, with potential annual additions of nearly 60 tons based on projected profits [5]. - Tether has invested over $300 million into royalty and streaming companies in the gold sector, indicating a broader strategy in the metals market [6]. - The hiring of two top metals traders from HSBC suggests an acceleration in Tether's gold investment strategy [6].