Tether CEO Paolo Ardoino recently stated that “Bitcoin and Gold will outlast any other currency” on X, reinforcing Tether’s asset management strategies. This comment reflects Tether’s ongoing policy of utilizing a portion of its profits to acquire Bitcoin while simultaneously increasing its gold reserves.
In May 2023, Tether announced it would allocate up to 15% of its realized operating profits to Bitcoin purchases as a way to strengthen its financial stability, framing Bitcoin as a long-term store of value rather than a direct backing for the USDT stablecoin.
Ardoino has previously discussed Bitcoin and gold as complementary assets. Tether also issues Tether Gold (XAUt), a token representing allocated bars of gold. As of late June 2025, Tether reported backing of over 7.66 tons of gold for outstanding tokens. The company is exploring investments in the gold industry, including mining and refining, further diversifying its portfolio.
With Ardoino consistently linking Bitcoin and gold, he has dismissed rumors that Tether sold Bitcoin to acquire gold. The upcoming reserve report is expected to reveal any changes in Tether’s allocations to these assets, while current financial trends show Bitcoin and gold performing well against a declining U.S. dollar.
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