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BTC $96,420 +2.34% ETH $3,280 +1.82% SOL $185.40 -0.92% BNB $642.50 +0.45% XRP $2.18 +3.12% DOGE $0.082 -1.50% ADA $1.05 +0.80% AVAX $42.10 +1.15%
08/01/2026

Tether Adds 14 Metric Tons of Gold as Prices Slide

What happened: In Q2 2026, Tether increased its gold reserves by 14 metric tons, bringing its total to approximately 146.

Tether Adds 14 Metric Tons of Gold as Prices Slide

What happened: In Q2 2026, Tether increased its gold reserves by 14 metric tons, bringing its total to approximately 146.2 tons. Despite this accumulation, the value of Tether's gold holdings fell from $19.84 billion to $18.84 billion, reflecting a ~15% drop in gold prices during the quarter. Tether also added about 1,800 bitcoin to its reserves, now totaling 98,933 BTC, though the value of these holdings also declined quarter-over-quarter.

Why it matters: Tether's continued accumulation of gold and bitcoin signals a commitment to diversifying its reserve assets, even as price volatility erodes their value. The move may be intended to bolster confidence in USDT's backing, but it also exposes the company to mark-to-market risk—a factor that contributed to the sharp drop in excess reserves this quarter. The interplay between reserve composition and asset price swings will remain a key area of focus for both users and regulators.

Source: CoinDesk