Tether Offloads 27 Tons of Gold, Sends $150M Supply to Crypto Buyers
Tether has offloaded 27 tons of gold, making about $150 million of the metal available to crypto buyers as gold rips back above $5,000. The transfer appears timed to meet renewed demand for hard assets and tokenized gold exposure after a fresh risk-off swing in markets.
The move matters because it highlights how major stablecoin issuers are actively adjusting reserve composition and liquidity in response to macro shifts. Supplying physical gold to crypto channels can support demand for on-chain gold products and influence short-term price dynamics, while also prompting questions about reserve transparency and balance-sheet strategy for USDT. Traders and institutions will watch whether this eases pressure on safe-haven flows or simply reallocates them inside crypto markets.