PANews reported on January 27th that, according to Reuters, stablecoin issuer Tether disclosed that it increased its gold reserves by approximately 27 tons in the fourth quarter of 2025, roughly in line with analysts' estimates of 26 tons purchased in the third quarter. Tether stated that its gold reserves are now comparable to those held by some sovereign central banks. In comparison, the Central Bank of Poland increased its gold holdings by 35 tons during the same period, bringing its total reserves to 550 tons.

Tether's USDT stablecoin currently has a circulating supply of $187 billion, while its gold token XAUT has a circulating value of $2.7 billion. As of the end of December last year, XAUT was backed by 16.2 tons of gold, accounting for 60% of the global supply of gold-backed stablecoins. The most recent audit, up to the end of September last year, showed that USDT's reserves included $12.9 billion worth of gold, equivalent to approximately 104 tons at the then-current gold price.