Tether to Allocate Up to 15% of Portfolio to Physical Gold
Tether said it plans to allocate between 10% and 15% of its investment portfolio to physical gold, according to CEO Paolo Ardoino. The company already holds some bullion to back specific products, and this change would formalize a larger gold position as part of its broader reserve strategy.
The move matters because it changes the composition of reserves backing one of the largest stablecoins, potentially broadening perceived collateral and offering a partial hedge against fiat weakness or inflation. While the immediate market impact on gold prices is likely limited, the decision could influence other issuers’ reserve strategies and shape regulatory and investor discussions about what constitutes adequate backing for stablecoins.