2 hours ago
Tether CEO Paolo Ardoino said successful a post connected X on Sunday that "Bitcoin and Gold volition outlast immoderate different currency," a minimalist enactment that aligns with however the stablecoin issuer has positioned parts of its reserves implicit the past 2 years.
On May 17, 2023, Tether said it would regularly allocate up to 15% of nett realized operating profits to acquisition bitcoin for reserves, adding BTC to surplus alternatively than utilizing it to backmost circulating USDT one-for-one. The institution framed the determination arsenic strengthening its equilibrium expanse with a semipermanent store of value.
BTC and golden arsenic parallel pillars
Gold sits alongside bitcoin successful that mix.
Tether issues tether gold (XAUt), a token backed by allocated bars, and said connected July 24 that much than 7.66 tons of metallic backed outstanding tokens arsenic of June 30, 2025. Separately, arsenic CoinDesk reported connected Sept. 5, 2025, citing the Financial Times, Tether has held talks to put crossed the golden worth concatenation — from mining and refining to royalties — arsenic portion of a broader diversification push.
Ardoino has grouped the assets rhetorically before. On Sept. 7, helium referenced bitcoin, golden and onshore arsenic hedges and aboriginal dismissed suggestions that Tether sold BTC to accumulate gold, saying the steadfast remained committed to increasing its bitcoin position.
Today's eight-word station is little a argumentation displacement than a restatement — bitcoin arsenic a strategical plus added with profits, and golden arsenic a parallel pillar via tokenization and imaginable upstream investments — portion astir reserves stay successful liquid instruments specified arsenic U.S. Treasurys per attestations. The adjacent reserve report, expected precocious this period oregon aboriginal adjacent month, volition amusement whether allocations to BTC and golden person changed.
As of Sunday, 8:10 p.m. UTC, the U.S. dollar scale (DXY) was down 8.88% twelvemonth to date, portion bitcoin and golden — BTC-USD and XAU-USD — were up 22.79% and 52.91%, respectively, according to MarketWatch.
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