{"id":60854,"date":"2025-11-28T10:01:38","date_gmt":"2025-11-28T10:01:38","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=60854"},"modified":"2025-11-28T10:01:38","modified_gmt":"2025-11-28T10:01:38","slug":"tether-pauses-bitcoin-purchases-worlds-largest-gold-buyer-in-q3-with-over-120-tons-in-reserves","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=60854","title":{"rendered":"Tether Pauses Bitcoin Purchases: World\u2019s Largest Gold Buyer In Q3 With Over 120 Tons In Reserves"},"content":{"rendered":"
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Tether, the issuer of the world\u2019s most widely used stablecoin, USDT, has evolved over the years into one of the most profitable and resilient firms within the crypto space.\u00a0<\/p>\n

Under the leadership of CEO Paolo Ardoino, Tether has broadened its focus beyond digital assets, becoming a significant player in the commodity market, particularly with substantial gold reserves.<\/p>\n

Tether\u2019s Gold Ambition<\/h2>\n

Recent reports <\/a>from the Financial Times reveal that Tether has stirred the gold markets this year by becoming the largest holder of the precious metal outside of central banks.\u00a0<\/p>\n

According to Bryce Elder\u2019s analysis, the crypto firm\u2019s stockpile is comparable to that of smaller central banks, such as those in Korea, Hungary, and Greece. Last quarter, the company\u2019s gold acquisitions accounted for nearly 2% of total gold demand, equating to almost 12% of central bank purchases.<\/p>\n

Sources indicate that Tether\u2019s investments in gold<\/a> reflect the belief among its insiders that the commodity serves as \u201ca superior store of value\u201d and a \u201cbetter hedge against inflation\u201d compared to digital currencies.\u00a0<\/p>\n

Although Tether has significant holdings in Bitcoin, its investment in gold has surpassed its exposure to the leading cryptocurrency. Throughout the year, Tether purchased 26 tons of gold, bringing its total gold stockpile to over 116 tons.\u00a0<\/p>\n

However, Tether\u2019s ambitions in the gold sector extend beyond mere accumulation; the firm is actively pursuing deals related to gold royalty companies, which finance mining operations<\/a> in exchange for a percentage of future revenues.<\/p>\n

Plans To Dominate The Gold Royalty Space<\/h2>\n

In June, Tether Investments\u2014responsible for managing the company\u2019s profits\u2014acquired a minority stake in Toronto-listed Elemental Altus for $105 million. An additional $100 million was invested in September amid Elemental\u2019s merger with rival EMX, resulting in Tether holding a controlling stake in the company.\u00a0<\/p>\n

Insiders suggest that the crypto giant has broader plans, aiming to consolidate small to mid-cap gold royalty firms<\/a> to strengthen its position in the market. \u201cTheir goal is to keep consolidating the small to mid-cap gold royalty space,\u201d said an insider familiar with Tether\u2019s strategy.\u00a0<\/p>\n

However, while some view this approach as savvy, others are skeptical, with one commodity industry executive labeling Tether as \u201cthe weirdest company I have ever dealt with.\u201d<\/p>\n

Gold royalties offer the company a unique advantage over traditional bullion; they provide fixed exposure to gold, insulating the stablecoin issuer from fluctuations in gold prices. Yet, amid these ventures, Tether has faced scrutiny regarding its financials.\u00a0<\/p>\n

NewsBTC reported <\/a>on Wednesday that S&P Global downgraded Tether\u2019s assets to its lowest rating, \u201cweak,\u201d citing concerns over the firm\u2019s rising exposure to high-risk reserve assets, which could undermine the collateral backing its stablecoin during a financial crisis.<\/p>\n

According to a research note from S&P Global, this downgrade was part of a new assessment system introduced in 2023, which classifies stablecoins on a scale from 1 to 5 based on risk.\u00a0<\/p>\n

The firm\u2019s USDT stablecoin received a rating of \u201c5 (weak),\u201d reflecting a decline from its previous score of \u201c4 (constrained).\u201d Analysts expressed concerns regarding Tether\u2019s limited transparency concerning the creditworthiness of its custodians and counterparties.<\/p>\n

In response to the downgrade, the firm\u2019s CEO, Paolo Ardoino, took to social media platform X (formerly Twitter) to address the concerns, stating, \u201cWe wear your loathing with pride.\u201d\u00a0<\/p>\n

He contended that traditional credit rating methodologies used by agencies like S&P stem from \u201coutdated systems that have proven unreliable,\u201d leading to renewed regulatory scrutiny of these legacy models.<\/p>\n

\"Tether\"<\/p>\n

Featured image from DALL-E, chart from TradingView.com\u00a0<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Tether, the issuer of the world\u2019s most widely used stablecoin, USDT, has evolved over the years into one of the most profitable and resilient firms within the crypto space.\u00a0 Under the leadership of CEO Paolo Ardoino, Tether has broadened its focus beyond digital assets, becoming a significant player in the commodity market, particularly with substantial […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-60854","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/60854","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=60854"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/60854\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=60854"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=60854"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=60854"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}