Vlad Schepkov Wed, January 28, 2026 at 10:57 PM GMT+8 1 min read

In this article: USDT-USD

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Investing.com -- Tether plans to allocate 10% to 15% of its investment portfolio to physical gold, CEO Paolo Ardoino told Reuters, adding to the bullion which already backs some of its products.

The crypto group said it has about 130 metric tons of physical gold to back its products, after adding 27 tons in the fourth quarter. Ardoino said the company has been buying around two tons per week.

"For our own portfolio, it's reasonable that we are going to have around 10% in bitcoin and 10% to 15% in gold," Ardoino said, without revealing the value of Tether's investment portfolio or how much of it was currently held in physical gold.

"It's hard to decide which one I like the most. It is almost like you have two children and have to decide which one is more beautiful," he added.

Tether, which wants to maintain ownership of the physical gold stored in Switzerland, does not have a target for bullion buying and plans to make this decision quarterly.

Ardoino said Tether has been buying substantial amounts of gold with its profits since 2020, when it started during the COVID-19 pandemic, and continued as geopolitical tensions increased.

"The world is not in a happy place at this moment. Gold is making all-time highs every single day. Why? Because everyone is scared," Ardoino said. Gold prices jumped 64% last year.

Tether said it purchased large amounts of gold last year to back its USDT stablecoin, a digital dollar with $186 billion worth of tokens in circulation, and its XAUT gold token, with $2.7 billion in circulation.

The company invests the reserves backing its USDT stablecoin in U.S. Treasury bills and other assets.

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