Tether plans to allocate 10% to 15% of its investment portfolio to physical gold, according to CEO Paolo Ardoino.

The company currently holds about 130 metric tons of gold, after adding 27 tons in Q4, with weekly purchases of around two tons.

Tether has been buying gold since 2020, citing geopolitical tensions and rising prices, with gold up 64% last year and 22% so far in 2024.

The company plans to store its gold in Switzerland and will decide on future purchases quarterly.

Tether uses reserves backing its USDT stablecoin, valued at US$186 billion, and its gold token, with US$2.7 billion in circulation.

Ardoino said Tether invests in US Treasuries, bitcoin, and other assets, and expects 2026 profits to exceed US$10 billion.

🔗 Source: Reuters

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