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According to Reuters, Tether’s gold purchases used to support USDT reserves slowed to about 6 tons in the first quarter, down from 27 tons in the fourth quarter of 2025. As of the end of March, the value of Tether’s gold reserves supporting USDT reached $19.8 billion, equivalent to about 132 tons of gold. USDT reserves are still mainly composed of U.S. Treasury bonds, with a size of about $117 billion; gold accounts for about 10%, and Bitcoin accounts for about $7 billion. Tether Gold (XAUT) corresponding to gold reserves increased to about 22 tons. Combining USDT and XAUT, Tether’s gold holdings total about 154 tons.