Scan to Download Gate App
qrCode
More Download Options
Don't remind me again today

BiyaPay Analyst: Tether Accelerates Gold Hoarding, Increasing Holdings by Over One Ton of Gold Weekly

robot
Abstract generation in progress

BlockBeats news, on November 14, Tether is dramatically increasing its gold reserves at an astonishing pace. The latest quarterly data shows that its gold holdings have surged to 12.9 billion USD, an increase of over 7.6 billion USD compared to the end of 2024, equivalent to more than one ton of gold added each week, with a growth rate even surpassing that of most sovereign central banks. Meanwhile, Tether has also acquired mining rights and recruited top precious metal traders, building a complete gold industry chain layout from mining to trading. BiyaPay analysts point out that Tether's strategy is essentially to create a composite reserve system of “US debt interest + appreciation of gold and Bitcoin,” using gold to hedge against fluctuations in the US dollar cycle and strengthening the long-term credit endorsement of USDT. This model makes Tether more like a “borderless central bank,” and also positions gold as an important source of its profits. Investors can use USDT on BiyaPay to participate in US stock gold or futures gold, preparing for the long-term favourable information brought about by this structural change.

BTC-0.59%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)