Tether Fueling Crypto’s Race Toward ‘Global Gold Rush,’ Says Analyst: ‘One Of The Biggest Buyers’ Of Yellow Metal
Posted On November 13, 2025
Capital markets analyst The Kobeissi Letter said Wednesday that the cryptocurrency sector is becoming part of a “global gold rush,” noting a significant increase in the reserves held by stablecoin issuer Tether (CRYPTO: USDT).
Tether: One Of Gold’s Biggest Buyers
In an X post, Kobeissi Letter noted that Tether’s gold holdings hit a record $12.9 billion in September, equal to 104 tons of actual gold. The value has more than doubled since the start of the year.
The markets commentator said that Tether has been accumulating gold at a rate of over one ton per week in 2025, making it one of the “biggest buyers” in the global market.
As of this writing, gold accounted for 7% of Tether’s total reserves …
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