Tether is leveraging the massive profits from USDT to accumulate nearly 140 tons of gold at a rate of 1–2 tons per week, expanding into the gold stablecoin XAUT.
Tether dreams of becoming the central bank of gold in a post-USD world.
Tether , the world's largest issuer of stablecoins, is gradually expanding its Vai beyond the cryptocurrency sector, with ambitions to become one of the world's largest gold central banks amidst a shifting international monetary order away from the absolute dominance of the US dollar.
🎙️ Tether CEO ARDOINO: 'WE WILL BECOME THE GOLD CENTRAL BANK IN A POST-DOLLAR WORLD'
— Coin Bureau (@coinbureau) January 28, 2026
Tether CEO reiterates the company's stance and confirms it is buying one or two tons of gold per week, now holding 140 TONS of Gold stashed in a nuclear bunker. pic.twitter.com/4SrX59zxhX
Tether and its vision of a “golden central bank”
In an interview with Bloomberg , Tether CEO Paolo Ardoino stated that the company is on track to become a large-scale gold storage hub, similar to the Vai of traditional central banks.
According to Ardoino, Tether 's Vai in the gold market is likely to continue expanding, especially as US geopolitical rivals may seek to implement a gold-based alternative to the USD in the future.
Ardoino stated that Tether is currently buying approximately 1–2 tonnes of gold per week and will maintain this pace for at least the next few months, thanks to the huge profits generated from its stablecoin issuance.
To date, Tether has accumulated nearly 140 tons of gold, with an estimated value of over $23–23.3 billion, stored in a Cold War-era nuclear bunker in Switzerland. Bloomberg reports that this is the world's largest gold reserve outside of central banks, ETFs, and commercial banks.
- This move comes as gold and other precious metals are experiencing their strongest surge since the 1970s, with gold currently fluctuating around $5,200 per ounce, further bolstering the value of Tether's reserve portfolio.
- Tether's flagship product, USDT, remains the world's largest stablecoin, with over $186 billion in circulation. The fact that USDT is backed by assets Peg to the USD has provided Tether with substantial profits, enabling the company to reinvest in assets like gold to diversify its reserves and maximize yields.
- In addition, Tether also issues Tether Gold (XAUT), a gold-backed stablecoin, which currently holds over 50% of the gold stablecoin market share, with a market Capital of approximately $2.62 billion.
USAt launches – a GENIUS Act-compliant stablecoin for the US market.
Notably, Tether recently officially launched USAT , a USD- Peg stablecoin specifically for US users, unlike USDT which is not directly available in this market.
- USAt is issued by Anchorage Digital Bank, a federally licensed crypto bank in the US, and is designed to fully comply with the GENIUS Act, the law signed in July 2025, which laid the first federal legal groundwork for stablecoins in the US.
- Within USAt's structure, Cantor Fitzgerald acts as the custodian and primary dealer, ensuring transparency and asset management according to institutional standards. This stablecoin started with a supply of $10 million, was issued as an ERC-20 on Ethereum, and has been listed on platforms such as Bybit, Crypto.com, Kraken, OKX , and MoonPay.
- Speaking about USAT, Paolo Ardoino emphasized:
“For over a decade, USDT has demonstrated that a digital USD can deliver trust, transparency, and utility on a global scale. USDT expands on that mission with a product specifically designed to meet the stringent requirements of the U.S. federal regulatory framework.”
- By simultaneously accumulating large amounts of gold and launching a legally compliant stablecoin in the US, Tether is gradually shaping a new Vai , not just as a stablecoin issuer, but as a global financial entity operating in parallel with crypto, gold, and the traditional monetary system.
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