Tether Boosts $24B Gold Reserve, CEO Says
Tether Will Keep Adding to $24 Billion Gold Stash Held in Former Nuclear Bunker, Says CEO
Tether plans to continue increasing its gold holdings, according to comments from the company’s CEO. The stablecoin issuer currently has a gold stash described as worth about $24 billion, stored in a former nuclear bunker.
The update adds detail to how Tether manages part of its reserve strategy beyond the assets typically associated with stablecoin backing. While Tether is best known for issuing USDT, a dollar-pegged stablecoin used widely across crypto markets, the company has also highlighted holdings in non-cash assets, including gold.
Storing gold in a former nuclear bunker underscores a focus on physical security and custody. For large holdings, where and how bullion is stored can be nearly as important as the amount held, because it speaks to access controls, safeguarding, and operational resilience.
The announcement matters because reserve composition and custody practices remain central issues for stablecoin issuers. Market participants and regulators alike pay close attention to what backs major stablecoins, how liquid those reserves are in stressed conditions, and how transparently they are managed.
Tether’s comments indicate that gold will remain a continuing component of its reserves strategy, alongside other assets the company uses to support its operations and products.
