The most profitable company in the cryptocurrency world is continuously and massively buying gold.
The issuer of USDT, Tether, has publicly disclosed that it currently holds about 140 tons of physical gold and plans to continue increasing its holdings at a rate of 1–2 tons per week using profits from its stablecoin business. This gold is primarily stored in high-security vaults in Switzerland, with part of it used to support its gold token XAUT, while the remainder serves as the company's own reserve.
Among institutions that are not part of national central banks, ETFs, or commercial banking systems, Tether is known to be one of the largest entities holding gold reserves. Over the past year, its additional gold purchases have surpassed those of most single national central banks. At the same time, Tether has also brought in experienced gold traders from traditional top precious metals banks to start participating in physical gold trading and related financial operations.
In the magical year of 2026, as global central banks continue to buy gold, leading cryptocurrency companies are also gradually converting their assets into gold using real profits.