📰 【Tether Slows Gold Purchases: Increased About 6 Tons of Gold in Q1, Total Holdings Around 154 Tons of Gold】

BlockBeats reports that on May 2nd, according to Reuters, Tether slowed its gold purchases used to back USDT in the first quarter of 2026. The quarterly report shows its gold buying volume dropped to about 6 tons, down from 27 tons in the fourth quarter of last year. As of the end of March, Tether's gold reserves supporting USDT increased to approximately 132 tons (about $19.8 billion), accounting for about 10% of its reserve structure. The main asset remains approximately $117 billion in U.S. Treasury bonds. Bitcoin reserves are about $7 billion. Meanwhile, gold reserves backing the gold stablecoin XAUT increased to about 22 tons. The total gold holdings of both products are about 154 tons. Tethe...

Fuck my life! Is Tether's dog whale getting tired of buying gold? Only added 6 tons in Q1, a quarter less than the previous quarter, with only 154 tons of gold in total. Damn it, this clearly shows they think gold prices are too high to hold heavy positions! $12.9 billion invested in gold, $117 billion in U.S. debt, and only $7B in BTC. This position structure is really as steady as an old dog, but I feel like they’re trying to shake out the weak hands with less gold buying. Folks, think for yourselves!