Tether

BT EXPLAINS

What is tokenised gold, and why is it taking off in Asia?

Market watchers note that Singapore’s banks have taken a more measured approach towards tokenised gold offerings for retail investors

Tether issues digital tokens, then puts the funds it receives into assets aimed at keeping its USDT stablecoin in line with the US dollar.

Tether’s annual profit drops 23% in midst of fundraising

USDT is the largest stablecoin, with over US$185 billion in circulation

The company holds around 140 tonnes of gold, according to Ardoino, most of which are its own reserves, along with the bullion backing its own gold token.

Tether is shaking up the gold market with massive metal hoard

The company makes money from its dollar stablecoin that is the giant of the sector, with US$186 billion in circulation

The move marks the return of Tether to the US market, having stated that it stopped allowing US customers to buy or redeem its tokens directly with the issuer in 2018.

Tether returns to US market with launch of USAT stablecoin

Stablecoins are cryptocurrencies meant to maintain a steady value, typically pegged to the US dollar through reserves of cash or other asset

Each Tether-issued US dollar token is intended to represent one US dollar held in reserve.

Tether says it bought 27 tonnes of gold in fourth quarter

The crypto company XAUT stablecoin is fully backed by the precious metal

Tether, which already has an 11.5% stake in Juventus, says that it “has submitted a binding all-cash proposal to Exor to acquire its entire stake”.

Crypto firm Tether bids for Juventus, is quickly rebuffed

The cryptocurrency firm controls USDT, a popular stablecoin

Stablecoins are cryptocurrencies that aim to track the price of another asset, typically the US dollar.

Tether stablecoin stability rating reduced to ‘weak’ at S&P

A crash in Bitcoin’s price this month has left the asset on track for its worst monthly performance

Tether is at the forefront of stablecoins, a type of digital asset that pegs its value to fiat currencies.

Crypto giant Tether seeks US$500 billion valuation in major raise

The El Salvador-based company has made a fortune by parking the reserves that back its token in cash-like assets, including US Treasuries, and earning interest

Stablecoins have become crucial to the functioning of crypto markets, with about US$243 billion of them in circulation in May 2025.

Tether focuses elsewhere while US seeks to regulate stablecoins

The company has had several clashes with state and federal authorities over the years

“If the President of the US says this is top priority for the US, Big Four auditing firms will have to listen, so we are very happy with that,” said Paolo Ardoino, CEO of Tether.

Tether engages ‘Big Four’ firm for long-awaited reserve audit

An audit would help Tether improve the transparency of its reserves, which are currently subject to quarterly reports but not a full audit