Tether is making monthly gold purchases of 1 billion dollars.

Tether's Gold Investments

Tether is purchasing approximately two tons of gold each week, accumulating a total stock of 140 tons. The market value of this stock is around 24 billion dollars. Thus, Tether has become one of the largest non-public gold holders in the world.

The gold purchases by Tether are mainly made for its own reserves. In addition, they help support the XAUT stablecoin. Gold prices have seen an increase of over 90% in the past year. Tether's purchases could affect markets along with central bank purchases.