Tether’s Expanding Gold Position Gains Global Attention as Holdings Reach 116 Tons
Share:
- Tether’s gold reserves reached 116 tons, matching holdings of some smaller central banks.
- Jefferies links Tether’s 26-ton Q3 buying to tighter supply and stronger gold prices.
- Over $300M in mining investments signals Tether’s deeper push into the broader gold ecosystem.
Tether’s continued expansion into physical gold markets is drawing attention following new assessments that indicated its bullion reserves had reached approximately 116 tons by the end of the third quarter.
Analysts tracking the stablecoin issuer’s activity say the accumulation places the company on a footing comparable to several smaller central banks at a time when gold prices have surged and supply conditions remain tight.
Analysts Trace Supply Pressure to Accelerated Quarterly Buying
Research from investment bank Jefferies estimates that Tether added roughly 26 tons of gold duri…
Read The Full Article Tether’s Expanding Gold Position Gains Global Attention as Holdings Reach 116 Tons On Coin Edition.
In This News
Share:
In This News
Share:
Read More
Tether (USDT) Implicated in Russian War Funding Linked to UK Political Donor
BCH and WLFI Explode by Double Digits, BTC Price Calms at $84K: Weekend Watch
Tether’s Expanding Gold Position Gains Global Attention as Holdings Reach 116 Tons
Share:
- Tether’s gold reserves reached 116 tons, matching holdings of some smaller central banks.
- Jefferies links Tether’s 26-ton Q3 buying to tighter supply and stronger gold prices.
- Over $300M in mining investments signals Tether’s deeper push into the broader gold ecosystem.
Tether’s continued expansion into physical gold markets is drawing attention following new assessments that indicated its bullion reserves had reached approximately 116 tons by the end of the third quarter.
Analysts tracking the stablecoin issuer’s activity say the accumulation places the company on a footing comparable to several smaller central banks at a time when gold prices have surged and supply conditions remain tight.
Analysts Trace Supply Pressure to Accelerated Quarterly Buying
Research from investment bank Jefferies estimates that Tether added roughly 26 tons of gold duri…
Read The Full Article Tether’s Expanding Gold Position Gains Global Attention as Holdings Reach 116 Tons On Coin Edition.
In This News
Share:
In This News
Share:
Read More
Tether (USDT) Implicated in Russian War Funding Linked to UK Political Donor