PANews January 28th News, according to Bloomberg, stablecoin issuer Tether Holdings SA has become one of the largest participants in the global gold market, holding approximately 140 tons of gold valued at about $23 billion. It is believed to be the largest known physical gold holder outside of banks and governments. Tether CEO Paolo Ardoino revealed that the company is continuously purchasing gold at a rate of 1 to 2 tons per week, aiming to establish a long-term, stable physical gold reserve in a former Swiss nuclear bunker. He emphasized that this move is similar to playing the role of “one of the world’s largest gold central banks” and predicted that geopolitical rivals will launch dollar alternative currencies linked to gold, for which Tether has prepared its gold token XAUT.
Tether purchased over 70 tons of gold in 2025, surpassing nearly all single central banks except the Polish central bank, and exceeding many large gold ETFs. In addition to direct holdings, Tether has also hired a former senior gold trader from HSBC to plan the establishment of a gold trading platform and compete with banks like JPMorgan Chase. The company is also acquiring shares in several Canadian mid-sized gold mining license companies.
Earlier reports indicate that Tether increased its gold reserves by approximately 27 tons in Q4 2025.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
$184 billion USDT comprehensive audit! Stablecoin issuer Tether has chosen KPMG to lead PwC internal controls.
Tether announced that it has commissioned KPMG to conduct its first full financial audit, covering stablecoin reserves of approximately $184 billion, and also hired PwC to help optimize its internal systems. This move shows that Tether is taking proactive steps to improve financial transparency and address regulatory oversight in the U.S. market.
ChainNewsAbmedia34m ago
Tether launches its first comprehensive audit with KPMG taking over the verification of $185 billion in reserves.
The world's largest stablecoin issuer, Tether, will undergo a comprehensive audit by KPMG and has hired PricewaterhouseCoopers to assist in preparing internal systems, with the audit scope going beyond the current proof of reserves to enhance transparency. This move aims to address the compliance requirements of the U.S. GENIUS Act and to alleviate market concerns about its financial stability, supporting future financing plans of $15 to $20 billion.
MarketWhisper1h ago
Tether has selected KPMG for a comprehensive audit and has hired PwC to assist in preparing its internal systems.
BlockBeats news, on March 27, according to informed sources, Tether has selected KPMG to conduct a comprehensive audit of its $185 billion USDT stablecoin reserves and has hired PwC to assist in preparing its internal systems for the audit work.
Tether previously stated that it had formally partnered with the Big Four accounting firms but did not disclose the names of the specific firms. (CoinDesk)
BlockBeatNews1h ago
Tether hires KPMG to audit USDT
Gate News reports that on March 27, the stablecoin issuer Tether has chosen KPMG as its auditing firm and has hired PwC to assist in improving internal systems. This move is the clearest signal that Tether is moving towards a comprehensive audit of its financial statements. The audit scope will go beyond the monthly reserve attestations currently issued by BDO Italia, conducting a thorough review of assets, liabilities, control measures, and reporting processes.
GateNews1h ago
Tether hires KPMG for USDT audit, brings in PwC as it gears up for U.S. expansion
Tether has engaged KPMG for a comprehensive audit of its USDT stablecoin, alongside PwC for internal system preparation. This follows investor concerns regarding its reserves and transparency as Tether prepares for U.S. expansion and fundraising amidst evolving crypto regulations.
CoinDesk2h ago
