- Tether CEO Paolo Ardoino plans about 10% in bitcoin and 10%–15% in gold; Tether reports ~130 tons of gold after adding 27 tons in Q4, buying ~2 tons weekly.
- Gold peaked at $5,311 per ounce after a 22% rise this year; Tether uses bullion to back USDT ($186b) and XAUT ($2.7b), reviews buying quarterly, and stores it in Switzerland.
Tether ceo Paolo Ardoino said the company plans to lift its allocation to physical gold, aiming for about 10% to 15% of its investment portfolio. Speaking to Reuters, Ardoino outlined how Tether is adding bullion to holdings it says already support some of its products, while also keeping an allocation to bitcoin. His comments come as gold prices have risen 22% so far this year and set a record on Wednesday.
Tether is headquartered in El Salvador and is best known for USDT, a dollar-pegged stablecoin. Ardoino discussed the firm’s purchasing pace, storage arrangements, and how often Tether will review future buying. He also gave expectations for profits in 2026 compared with estimates for 2025 and results in 2024.
Tether ceo outlines gold allocation and buying pace
Tether ceo Ardoino said Tether holds about 130 metric tons of physical gold that back its products, after adding 27 tons in the fourth quarter. He told Reuters the company has recently been purchasing around two tons a week. While he described the intended portfolio mix, he did not provide the overall value of Tether’s investment portfolio or state how much is currently in physical gold.
In the same interview, Ardoino said that for Tether’s own portfolio it would be reasonable to hold around 10% in bitcoin and 10% to 15% in gold. He also spoke about his personal view of the two assets, comparing the choice between them to having to pick between two children. The plan, as he described it, is not tied to a fixed amount of bullion buying. Instead, Tether will revisit the decision each quarter.
Tether intends to keep direct ownership of the gold, Ardoino said, and the metal is stored in Switzerland. He added that the company has been using profits to buy gold, with accumulation beginning in 2020 during the COVID-19 pandemic. According to Ardoino, continued buying also reflected rising geopolitical tensions after that period.
Gold records and the market backdrop cited by tether ceo
Tether ceo Ardoino connected the company’s interest in gold to the broader mood in markets. He said the world is “not in a happy place,” and described gold as hitting all-time highs repeatedly because people are scared. The source data cited a 64% jump in gold prices last year.
So far this year, gold prices are up 22%, and on Wednesday the metal reached a record $5,311 per troy ounce. The move was linked to buying that followed falling confidence in the dollar and concerns about the independence of the U.S. Federal Reserve.
Tether said it bought large amounts of gold last year to support two products: the Tether USDT stablecoin and the Tether XAUT gold token. USDT is described as a digital dollar with $186 billion worth of tokens in circulation. XAUT had $2.7 billion in circulation, according to the same information.
Tether ceo details reserves strategy and profit expectations
Tether ceo Ardoino said Tether employs around 250 people. He also described how the company invests the reserves that back USDT, saying those holdings are placed in U.S. Treasury bills and other assets. Beyond reserves management, he said Tether has invested its own profits in U.S. Treasuries, bitcoin, the tech sector, gold royalty firms, and other assets.
On profitability, Ardoino said he expects Tether’s 2026 profit to exceed the $10 billion it is estimated to have earned in 2025. He also said profit in 2026 could surpass the $13.7 billion earned in 2024. He did not provide additional figures alongside those estimates in the material provided.
Taken together, Ardoino’s comments point to a strategy that keeps exposure to both bitcoin and physical gold, while maintaining reserve investments in Treasury bills and other holdings. The quarterly review approach for gold purchases suggests Tether is leaving room to adjust as market conditions change, even as it continues to build bullion reserves stored in Switzerland.
Conclusion
tether ceo Paolo Ardoino told Reuters that Tether plans to allocate about 10% to 15% of its investment portfolio to physical gold and around 10% to bitcoin, while keeping direct ownership of bullion stored in Switzerland. Tether reported about 130 metric tons of gold backing its products after adding 27 tons in the fourth quarter, and Ardoino said recent purchases have run at roughly two tons a week. His remarks also addressed gold’s record $5,311 per troy ounce price on Wednesday, USDT’s $186 billion in circulation, and expectations that 2026 profit will exceed the estimated $10 billion in 2025 and possibly the $13.7 billion earned in 2024.
Disclaimer
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