Tether Expands Gold Holdings Amid Chinese Platform Collapse
Tether has significantly increased its gold reserves, now holding nearly 140 tons, making it one of the top 30 largest gold holders globally. This expansion comes as a Chinese gold trading platform, Jie Wo Rui, collapses, leaving users unable to withdraw funds. Jie Wo Rui’s failure is attributed to its high-leverage gold trading model, which crumbled under rising gold prices.
In contrast, Tether’s gold-backed stablecoin, Tether Gold (XAUT), maintains a 1:1 backing with physical gold, avoiding leverage and speculative trading. As gold prices surged in early 2026, Tether’s gold holdings appreciated by over $5 billion, with plans to continue increasing its reserves. This strategic approach positions Tether as a stable force in the volatile gold market, highlighting the potential of digital gold as a secure store of value.
