Tether Buys 26 Tonnes of Gold in Q3, Absorbing 2% of Global Supply
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- The Whale: Tether bought 26 tonnes of gold in Q3, accounting for 2% of global demand.
- The Scale: Total holdings (116 tonnes) now exceed the central bank reserves of South Korea and Australia.
- The Strategy: 104 tonnes act as a surplus buffer for USDT, defying S&P’s “weak” rating on asset risk.
Tether’s growing presence in the global gold market is prompting renewed scrutiny as new data places the stablecoin issuer ahead of sovereign buyers in recent quarterly purchasing activity.
New data shows the stablecoin issuer purchased 26 tonnes of gold in Q3 alone. The acquisition spree places Tether ahead of nearly every sovereign buyer for the period, effectively positioning the private firm as a “shadow central bank” in the global bullion market.
Related: Tether Reports $4.9B Q2 Profit and $2.6B Gains from Bitcoin, Gold Reserves
The ‘Whale’ in the Bullion Market
…Read The Full Article Tether Buys 26 Tonnes of Gold in Q3, Absorbing 2% of Global Supply On Coin Edition.
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Tether Buys 26 Tonnes of Gold in Q3, Absorbing 2% of Global Supply
Поделиться:
- The Whale: Tether bought 26 tonnes of gold in Q3, accounting for 2% of global demand.
- The Scale: Total holdings (116 tonnes) now exceed the central bank reserves of South Korea and Australia.
- The Strategy: 104 tonnes act as a surplus buffer for USDT, defying S&P’s “weak” rating on asset risk.
Tether’s growing presence in the global gold market is prompting renewed scrutiny as new data places the stablecoin issuer ahead of sovereign buyers in recent quarterly purchasing activity.
New data shows the stablecoin issuer purchased 26 tonnes of gold in Q3 alone. The acquisition spree places Tether ahead of nearly every sovereign buyer for the period, effectively positioning the private firm as a “shadow central bank” in the global bullion market.
Related: Tether Reports $4.9B Q2 Profit and $2.6B Gains from Bitcoin, Gold Reserves
The ‘Whale’ in the Bullion Market
…Read The Full Article Tether Buys 26 Tonnes of Gold in Q3, Absorbing 2% of Global Supply On Coin Edition.
В этой новости
Поделиться:
В этой новости
Поделиться:
Читать больше
Tether Exits Uruguay and Scraps $500M Mining Hub After Tariff Talks Collapse