Tether has ammassed some of the world's largest gold reserves. Credit: Pixabay. Key Takeaways Tether has significantly stepped up its gold purchases in recent months. At the close of Q3, the firm held around 116 tonnes of gold. Gold underpins XAUT and forms a part of Tether’s stablecoin reserves. Tether has emerged as one of the largest buyers of gold in recent months, acquiring 26 metric tonnes of the precious metal in the third quarter of 2025. The USDT issuer’s gold reserves have increased signi ...