Tether's Gold Reserves Exceed $23 Billion, Jefferies Reports

According to Jefferies, Tether's gold holdings surpass $23 billion, placing it among the world's leading bullion holders.

Recent analysis from Jefferies, a prominent investment bank on Wall Street, reveals that Tether’s gold reserves have now exceeded an impressive $23 billion. This substantial accumulation positions the cryptocurrency firm within the top echelons of global gold holders.

Jefferies estimates that Tether possesses a minimum of 148 tonnes of physical gold, solidifying its status as one of the top 30 entities worldwide in terms of bullion reserves. This remarkable growth in gold holdings illustrates Tether's strategy of diversifying assets amidst a continuously evolving financial landscape.