Gold Soars Above $5,300 After Tether Buys Bullion; Coinbase Expands Futures
Tether has boosted its physical gold reserves to 130 metric tons, a move that coincided with spot gold breaking above $5,300 per ounce. The stablecoin issuer said the purchases are part of its reserve diversification, and markets responded with a bullish re-rating of bullion. Meanwhile Coinbase is pushing deeper into futures trading, expanding product availability and promoting derivative liquidity just as Bitcoin’s price action has largely stalled.
The combination matters because it signals a shift in where crypto capital and institutional appetite may be heading: increased demand for tangible safe-haven assets alongside broader access to derivatives. Tether’s bullion accumulation could underpin confidence in reserve-backed tokens, while Coinbase’s futures push may draw more institutional flow into crypto-linked derivatives. Traders and allocators will be watching volumes, basis spreads and whether gold’s rally sustains as bitcoin takes a pause.