Tether Slows Down Gold Purchase Pace: Increased Holdings by Approximately 6 Tons in Q1, Holding a Total of Approximately 154 Tons of Gold

BlockBeats News, May 2nd, according to Reuters, Tether slowed its gold purchases in the first quarter of 2026 to support USDT. The quarterly report shows that its gold purchase volume decreased to about 6 tons, down from 27 tons in the previous quarter. As of the end of March, Tether's gold reserves to back USDT rose to about 132 tons (approximately $19.8 billion), accounting for about 10% of the reserve structure, with the primary asset still being U.S. Treasury bonds of about $117 billion. The Bitcoin reserves are approximately $7 billion.

Meanwhile, the gold reserves for XAUT, the gold-backed stablecoin, increased to about 22 tons. The two product categories together hold about 154 tons of gold. Tether had previously stated plans to allocate 10% to 15% of its approximately $20 billion investment portfolio to physical gold, but the related transaction team was disbanded in March of this year due to management structure constraints.