Overview

• Paolo Ardoino posted on X that “Bitcoin and Gold will outlast any other currency,” reiterating Tether’s public stance.
• Tether has a policy since May 2023 to allocate up to 15% of net realized operating profits to bitcoin as a surplus reserve asset.
• The company issues tether gold (XAUt), reporting more than 7.66 tons of allocated metal backing outstanding tokens as of June 30, 2025.
• CoinDesk, citing the Financial Times, reported that Tether has held talks about potential investments across the gold value chain, which the company has not confirmed.
• Company attestations indicate most reserves remain in liquid instruments such as U.S. Treasurys, with the next reserve report expected late October or early November.