Paolo Ardoino, the CEO of Tether, stated that “Bitcoin and gold will outlast any other currencies.” This brief statement reflects the company’s reserve management approach that it has been developing for two years.
In May 2023, Tether announced that it would allocate up to 15% of its net operating profits to regular purchases of Bitcoin. These funds do not directly back USDT stablecoin but are added to the company’s excess reserves as a long-term asset. The company explained that this strengthens its balance sheet by using Bitcoin as a store of value.
According to Arkham, at the time of writing Tether holds 88,407 BTC valued at $115,259.
Gold plays a similar role in the asset structure. The company issues Tether Gold (XAUt), backed by physical bars, and as of June 30, 2025, the volume of metal held as collateral totaled more than 7.66 tons.
Ardoino has repeatedly grouped these assets together in his public comments. In September, he referred to Bitcoin, gold, and land as hedging instruments and rejected suggestions that Bitcoin was being sold to buy gold, emphasizing that the company continues to increase its Bitcoin holdings.
A new reserves report that Tether plans to publish in late October or early November is expected to show whether the shares of the leading cryptocurrency and gold have changed within the asset structure.
Ardoino’s statement came as the market recovered after the largest wave of liquidations in history totaling $19 billion.
Read Also:
- Tether Launches STBL Project With Digital Dollars and NFTs
- Tether Expands Interest in Gold Amid Record Profits – Financial Times
- Circle’s IPO: Can the Stablecoin Giant Survive Public Scrutiny
This post is for informational purposes only and does not constitute advertising or investment advice. Please do your own research before making any decisions.