Behind the surge in gold prices, there's a "super buyer" you might not have expected.

Stablecoin issuer Tether has emerged as a major, unexpected force in the gold market, holding approximately 140 tons of physical gold. This places it among the world's top 30 gold holders, surpassing the reserves of several countries.
In 2025 alone, Tether purchased over 70 tons of gold, ranking as one of the top three global buyers and providing significant support for gold prices.
Tether's strategy goes beyond accumulation. It is building a complete gold ecosystem through investments in gold mining, forming a dedicated trading team, and launching a gold-backed stablecoin (XAU₮) to bridge physical gold and financial products.
This ambitious move is fueled by Tether's substantial profits, with a net profit of around $15 billion in 2025. The company is deploying capital across US Treasury bonds, Bitcoin, and gold, creating an arbitrage mechanism that spans traditional finance and crypto to fund its large-scale bets.

Besides central banks and ETFs, stablecoin giant Tether is also becoming an indispensable "hidden buyer" in the gold market, driving this round of gold price surge.

To date, Tether has accumulated approximately 140 tons of physical gold, exceeding the holdings of several sovereign nations and ranking among the world's top 30 gold holders. In 2025 alone, Tether purchased over 70 tons of gold, becoming one of the world's top three gold buyers and providing substantial support for gold prices.

Tether's ambitions extend far beyond simply hoarding gold: from investing in gold mining and building a gold trading team to launching the gold stablecoin XAU₮, it is attempting to create a complete chain from physical gold to financial products.

Supporting this high-stakes gamble is the super cash flow system built by USDT. In 2025, Tether's net profit was approximately $15 billion. At the same time, it heavily invested in US Treasury bonds, Bitcoin, and gold. An arbitrage machine spanning the traditional financial and crypto worlds has gradually taken shape, continuously supplying Tether with capital ammunition and becoming the chips for its massive bets.

Behind the surge in gold prices, there's a "super buyer" you might not have expected.

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