Tether slows down gold purchases: In Q1, increased holdings by approximately 6 tons of gold, totaling about 154 tons of gold held

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BlockBeats News. May 2. According to Reuters, in the first quarter of 2026, Tether slowed the gold purchases used to support USDT. Its quarterly report shows that its gold-buying volume fell to about 6 tons, below the 27 tons in the fourth quarter of last year. As of the end of March, Tether’s gold reserves used to back USDT increased to about 132 tons (about $19.8 billion), accounting for around 10% of its reserve structure. Its main asset is still U.S. Treasury bonds of about $117 billion. Bitcoin reserves are about $7 billion.

Meanwhile, the gold reserves used to support the gold-backed stablecoin XAUT increased to about 22 tons. The two products combined hold about 154 tons of gold. Tether previously said it planned to allocate 10% to 15% of its roughly $20 billion investment portfolio to physical gold, but the relevant trading team was disbanded in March this year due to limitations involving its management structure.

XAUT0.38%
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