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Tether Becomes Largest Private Gold HolderTether has become the largest gold‑holding company outside banks and governments, with reserves surpassing
140 tons ($23B) stored in a nuclear bunker in Switzerland.
In Q4 2025, the stablecoin issuer purchased 27 tons of gold for $4.4B. Yesterday, it also announced the launch of USA₮, a U.S.‑regulated stablecoin designed specifically for the American market.
Beyond gold, the company continues to stockpile U.S. Treasuries, cash dollars, and a massive 96K BTC reserve.
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