Tether purchased 27 tonnes of gold during the fourth quarter of 2025 to bolster reserves backing its XAU₮ stablecoin.

Quarterly acquisition and reserve policy

The company continued to increase allocated assets for its gold-backed stablecoin, adding 27 tonnes in the fourth quarter of 2025.

Tether stated the purchases are intended to support the stability and redemption capacity of XAU₮ and to expand its reserve base.

Market trends for gold-backed stablecoins

Over the past year the market for gold-pegged stablecoins grew from approximately $1.3 billion to more than $4 billion, according to industry data.

Tether Gold accounts for about 60% of that segment, making the company a dominant participant among tokenized gold offerings.

Industry ranking and holdings

Industry reports place Tether among the top-30 largest global holders of physical gold, ahead of a number of sovereign and institutional owners.

The firm’s accumulation contributed to its elevated ranking, reflecting growing institutional use of tokenized and on-chain gold instruments.

Context and disclosure

The purchases occurred amid elevated gold prices and greater macroeconomic uncertainty, factors that supported demand for asset-backed digital tokens.

Data and the ranking reference industry reporting; Tether’s published statements describe the acquisitions as part of its reserve-management activities.