Tether

BT EXPLAINS

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

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

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 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

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

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

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

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

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

“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