🚨NEW: WINTERMUTE LAUNCHES OTC TRADING FOR GOLD-BACKED TOKENSCrypto market maker @wintermute_t launches institutional OTC trading for gold-backed tokens.The desk will offer execution in Pax Gold (PAXG) and @Tether Gold (XAUT).The move comes as tokenized commodities gain traction despite a broader crypto slowdown.Settlement will take place via blockchain infrastructure. The firm said it will offer algorithmically optimized spot execution. ...

Core Viewpoint - Gold.com's stock has experienced significant gains in 2026, with a notable increase of 76% as of February 14, 2026, driven by strong financial performance and market conditions [6]. Company Overview - Gold.com is a global precious metals company engaged in wholesale precious metals, direct-to-consumer sales, and secured lending, providing access to gold, silver, platinum, and palladium [5]. - The company's revenue for the trailing twelve months (TTM) is $15.68 billion, with a net income of $12.48 million and a dividend yield of 1.31% [4]. Recent Transactions - Brian Aquilino, the Chief Operating Officer, sold 10,000 shares of common stock for approximately $595,000, reducing his direct holdings to zero [1][2][8]. - The transaction involved the exercise of stock options, which were immediately converted into common shares and sold in the open market [8]. Market Context - The price of physical gold has surged due to global tariffs and geopolitical tensions, contributing to a historic year for gold in 2025 [7]. - Tether, a fintech company, announced a $150 million investment in Gold.com to support the growth of its stablecoin, Tether Gold, which is backed by physical gold [7]. Investment Implications - With strong financials and consistent price gains, Gold.com's stock is positioned as a viable long-term investment, particularly for those willing to accept the inherent volatility of precious metals [9].

Core Insights - The tokenized gold market has surpassed $6 billion, driven by increasing demand for digital assets amid volatility in physical gold prices [1][2] - Tether Gold (XAUT) is the leading player in the market, with a market capitalization of $3.5 billion, representing over 50% of the total tokenized gold market [4] - Tether has accelerated its gold accumulation strategy, adding 27 metric tons of gold in Q4 2025 and investing $150 million in Gold.com [5][6] Market Overview - The total market capitalization of tokenized gold has increased by over $2 billion since the start of the year, reaching $6.12 billion [2] - More than 1.2 million ounces of physical gold are now held in custody to back the digital tokens, indicating strong demand for blockchain-based gold representations [2] Key Players - Tether Gold (XAUT) dominates the market with a significant market cap increase of over 50% in the past month [4] - Paxos-issued PAX Gold (PAXG) ranks second in the sector with a market capitalization of $2.3 billion, having increased by 33.2% over the past month [7] Strategic Developments - Tether plans to increase its gold exposure to 10-15% of its overall investment portfolio [4] - The partnership with Gold.com will allow Tether to integrate XAUT into their platform, enhancing access to gold through both digital and traditional channels [6]

Core Insights - Tether is expanding its gold exposure by investing $150 million into Gold.com, acquiring approximately 12% of the company and a board seat, indicating a strategic shift towards hard assets [1][2] - The investment is backed by Tether's strong financial position, reporting over $10 billion in annual profits, and aims to connect digital liquidity with the physical bullion market amid rising gold prices and inflation [2][7] Investment Strategy - Tether's acquisition of over 3.3 million shares in Gold.com is part of a strategy to create a vertically integrated ecosystem that combines digital assets with physical gold [3][4] - The move is designed to ensure that Tether's tokenized products, such as Tether Gold (XAUT), have a solid physical foundation, enhancing trust in Real World Asset (RWA) products [4] Financial Arrangements - As part of the investment, Gold.com will reinvest $20 million into XAUT, enhancing market depth and providing a significant on-ramp for the token through its retail platform [5] - Tether will also provide a gold leasing facility of at least $100 million to Gold.com, facilitating operations in the precious metals market and creating a yield-bearing instrument backed by physical gold [6] Market Position - Tether's market cap for USDT reached $187.3 billion in Q4, with an increase of $12.4 billion in just three months, showcasing its financial strength and ability to pivot into gold investments [7]

登录新浪财经APP 搜索【信披】查看更多考评等级 （来源：吴说） 作者 | 吴说区块链 本周新闻 Top10 1. 币安将对 SAFU 基金 10 亿美元稳定币储备转换为比特币储备 link 1 月 29 日，币安宣布将对 SAFU 基金的资产结构进行调整，将原有 10 亿美元规模的稳定币储备逐步转 换为比特币储备，并计划在此声明发布后的 30 天内完成兑换。币安将对 SAFU 基金的资产规模进行定 期核查，如因比特币价格波动导致 SAFU 基金的市值低于 8 亿美元，币安将补充比特币使基金规模恢 复至 10 亿美元。 近期币安遭到中英文社区的批评，也有许多声音建议币安使用利润购买与建立比特币 储备以支持行业。 2. Tether 已成为主权国家和银行外最大黄金储备方，目前持有超 140 吨黄金 link Tether 已成为主权国家和银行外最大黄金储备方，目前持有超 140 吨黄金，价值约 240 亿美元，其储备 规模甚至超过了澳大利亚、沙特阿拉伯等许多国家的官方储备。除了作为其发行的黄金代币 Tether Gold (XAUT) 的 1:1 储备外，Tether 还将大量黄金作为其自身资产负债表的盈余储备 ...

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 aims to become one of the largest gold central banks globally, actively trading its gold reserves to capitalize on market opportunities [1][8]. Group 1: Gold Holdings and Strategy - Tether is currently purchasing one to two tons of gold per week and plans to maintain this pace for the next few months, having amassed close to 140 tons of gold stored in a secure facility in Switzerland [4][8]. - The company's gold holdings are valued at over $23.3 billion, with gold prices currently around $5,234 per troy ounce [6][8]. - Tether's gold reserves are reportedly the largest known outside of central banks, ETFs, and commercial banks, with approximately 130 metric tons eligible for physical delivery redemption [5]. Group 2: Market Position and Expansion - Tether is preparing to enter the gold trading market, aiming to compete with major banking institutions like JPMorgan and HSBC [7][11]. - The company has recruited senior traders from HSBC to lead its expansion into the bullion market and has also increased its equity portfolio by investing in Canadian firms related to precious metals [11]. Group 3: Product Offerings and Market Impact - Tether's primary product, USDT, dominates the global stablecoin market with over $186 billion in circulation, providing the capital necessary for further investments in gold [13]. - The company also issues Tether Gold (XAUT), which holds over 50% of the gold stablecoin market with a market capitalization of $2.62 billion [13].

Group 1 - Coinbase and Glassnode report indicates that Bitcoin is entering a more stable and resilient phase, with reduced sensitivity to market shocks and a preference for options hedging among institutional investors [1] - Standard Chartered Bank warns that stablecoins could siphon off up to $500 billion in bank deposits by 2028, with U.S. banks potentially losing about one-third of the stablecoin market value [1] - Tether has become the largest non-sovereign holder of gold, with over 140 tons valued at approximately $24 billion, surpassing the official reserves of several countries [2] Group 2 - Arthur Hayes suggests that the weakness of the Japanese yen and rising JGB yields may trigger liquidity interventions by the U.S. Federal Reserve, potentially providing temporary support for risk assets like Bitcoin [3] - A Chinese national was sentenced to nearly four years in federal prison for laundering approximately $37 million in cryptocurrency fraud, highlighting ongoing issues with crypto-related scams [4] - Ethereum researcher proposes Fork-Choice Enforced Inclusion Lists (FOCIL) as a key feature for the upcoming Hegota upgrade, aimed at enhancing censorship resistance and reducing centralization [5]

Core Viewpoint - Tether has rapidly become a significant player in the global gold market, accumulating around 140 tons of gold valued at approximately $24 billion, positioning itself similarly to a central bank in its gold strategy [1][4][6]. Group 1: Gold Accumulation and Market Impact - Tether purchased over 70 tons of gold last year, surpassing most central banks except Poland, which added 102 tons [2]. - The company's gold purchases have contributed to a 65% rally in gold prices last year, indicating its role as a significant new buyer in the market [12]. - Tether's buying rate is about one to two tons per week, with plans to continue this pace for the foreseeable future [8][10]. Group 2: Strategic Positioning and Future Plans - Tether aims to compete with major banks in gold trading, seeking to establish itself as a leading trading entity in the gold market [14][15]. - The company has hired senior gold traders from HSBC to enhance its trading capabilities and explore market inefficiencies [16]. - Tether is also investing in royalty companies related to gold mining, diversifying its exposure in the gold sector [18][19]. Group 3: Geopolitical Context and Market Sentiment - Tether's CEO predicts that geopolitical rivals to the US dollar may launch gold-backed alternatives, reflecting a broader distrust in government debt [4][20]. - The company's strategy aligns with emerging market users of its dollar stablecoin, who view gold as a protective asset against currency debasement [20][26]. - Tether's gold strategy has gained traction amid a significant market rally, as investors seek alternatives to holding US dollars [23][26].

Core Viewpoint - Tether Holdings SA has emerged as a significant player in the global gold market, accumulating a substantial gold reserve and positioning itself similarly to a central bank in its gold strategy [2][4][19]. Group 1: Tether's Gold Accumulation - Tether has rapidly increased its gold purchases, acquiring over 70 tons in the past year, making it one of the largest buyers in the market, second only to Poland's central bank [6][12]. - The company currently holds approximately 140 tons of gold, valued at around $23 billion, which is the largest known hoard outside of central banks and major financial institutions [7][11]. - Tether's buying rate is about one to two tons per week, with plans to continue this pace for the foreseeable future [8][9]. Group 2: Market Impact and Strategy - Tether's purchases have likely contributed to gold's 65% price rally last year, indicating its influence on global gold prices [11][12]. - The company aims to compete with major banks in gold trading, seeking to establish a robust trading floor for gold to capitalize on market inefficiencies [14][15]. - Tether is also exploring investments in royalty companies related to gold mining, further diversifying its exposure to the gold market [17][18]. Group 3: Future Outlook and Products - Tether is developing a gold-backed token, Tether Gold (XAUT), which has already issued tokens equivalent to about 16 tons of gold, with expectations of significant market circulation growth [23][24]. - The company anticipates that XAUT could require additional gold purchases, potentially exceeding one ton per week, to meet demand [24]. - Tether's strategy reflects a broader trend of increasing interest in gold as a hedge against currency debasement, particularly among emerging market users of its dollar stablecoin [19][25].