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Tether Reportedly Acquired 24 Tons of Gold in Q3, Surpassing Some Central Banks
11/28/2025, 08:06
AI SUMMARY
●Jefferies report estimates Tether bought 24 tons of gold in Q3.
●The stablecoin issuer's accumulation pace surpassed major central bank purchases.
●Tether continues to diversify its reserves with significant precious metal holdings.
A report by U.S. investment bank Jefferies indicates that Tether, the largest stablecoin issuer, purchased approximately 24 tons of gold during the July-September quarter.
This accumulation pace reportedly exceeds that of the Central Bank of Kazakhstan, which was the largest purchaser among central banks during the same period, highlighting the growing role of non-state actors in the gold market.