💰 Tether has entered the top 30 in global gold reserves!
USDT issuer Tether has entered an era of competing with the world's top central banks. According to the latest report from investment bank Jefferies, by the end of January 2025, Tether's gold reserves have reached an astonishing 148 tons (worth approximately $23 billion).
Core Data Overview:
📈 In just the fourth quarter of 2024, 26 tons were purchased, and an additional 6 tons were added in January.
🚀 In terms of acquisition speed, Tether has surpassed most national central banks, second only to Poland and Brazil.
🌍 Currently, Tether's gold reserves have officially surpassed the national reserves of Australia, the UAE, Qatar, and South Korea.
Why is this important?
Stability: Gold, as the underlying asset of USDT and XAUT, provides a strong safety net against the backdrop of gold prices breaking the $5000 barrier. Strategic layout: Tether CEO Paolo Ardoino previously stated that they plan to allocate 10-15% of their portfolio to physical gold. De-dollarization: Tether is clearly betting on hard assets to reduce reliance on a single asset in USD.
Crypto giants are becoming 'financial superpowers of the digital age.' Do you think this will enhance market confidence in USDT in the long term? 👇