Tether quietly becomes one of the world’s biggest gold buyers

Tether has amassed around 140 metric tons of physical gold, turning the stablecoin giant into a market-moving bullion buyer.

The hoard, worth about US$24 billion, now rivals national reserves as the company uses USDT profits to diversify away from Treasuries.

Buying at up to two tons a week, Tether is reshaping the gold market — and raising new questions about risk inside the world’s largest stablecoin.