Tether CEO Paolo Ardoino has resisted hypothesis that the world’s largest stablecoin issuer is promoting Bitcoin (BTC) to build up gold.
In response to Ardoino, these claims are false, with the crypto government reaffirming Tether’s long-term bullish stance on BTC.
Tether’s Hybrid Reserve Mannequin Counters Bearish Rumors
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The rumors started after Clive Thompson, an impartial analyst, claimed that Tether’s Bitcoin holdings had declined between the primary and second quarter of 2025. The analyst cited attestations from the accounting agency BDO.
In response to the paperwork, Tether held 92,650 BTC on the finish of Q1, in contrast with 83,274 BTC on the finish of Q2. Thompson argued this advised the corporate had liquidated a part of its place to fund rising gold investments.
Samson Mow, CEO of Jan3 and a vocal Bitcoin advocate, rebuts the declare. He defined that Tether had transferred almost 20,000 BTC into funding automobile XXI, which was not factored into Thompson’s evaluation.
“June 2, 2025, 14,000 BTC was transferred to XXI. In July 2025, a further 5,800 BTC was transferred to XXI. That signifies that on the finish of Q2 2025, Tether would have had 4,624 BTC greater than on the finish of Q1 2025. For those who mixed it with the July switch, then Tether has (not less than) a web improve in Bitcoin holdings of 10,424 BTC,” Mow wrote on X (Twitter).
Ardoino confirmed the reason, articulating that Tether didn’t promote any Bitcoin, and noting that the stablecoin issuer contributed a part of its stash into XXI.
“Whereas the world continues to get darker, Tether will proceed to take a position a part of its earnings into secure belongings like Bitcoin, Gold, and Land. Tether is the Steady Firm,” he wrote.
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The clarification comes as Tether builds a broader diversification technique that more and more contains valuable metals.
BeInCrypto reported that the corporate has amassed $8.7 billion value of gold, almost 80 tons of that are saved in Zurich vaults.
Tether Balances Bitcoin Core Technique with Gold Growth and XAUT Development
Tether has additionally been exploring alternatives throughout the gold mining provide chain. Whereas this transfer has drawn skepticism from the conservative mining trade, it highlights the corporate’s ambition to increase past digital belongings.
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DeFi researcher Tran Hung additionally revealed shut communication with Ardoino, reiterating that Bitcoin stays Tether’s core focus.
In the meantime, in response to the crypto government, claims that the stablecoin issuer is sidestepping Bitcoin for gold is misinformation, meant to unfold concern, uncertainty, and doubt (FUD).
Nonetheless, twin accumulation of Bitcoin and gold positions Tether on the middle of a rising pattern the place crypto companies hedge towards fiat foreign money instability with arduous belongings.
The corporate’s gold-backed token, XAUT, has prolonged stablecoin utility into valuable metals, giving traders blockchain-based entry to bullion.
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Current knowledge signifies that Tether Gold or XAUT surpassed the $1.3 billion market cap threshold, successfully foraying into the crypto high 100.
However, the rumors spotlight market eagerness for bearish Bitcoin narratives.
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“Appears everyone seems to be determined for bearish Bitcoin information nowadays. Tether is mega bullish on Bitcoin on all metrics,” Mow added.
As Tether strengthens its hybrid reserve mannequin, Ardoino holds that whereas Bitcoin stays the cornerstone, gold and land are additionally a part of a broader protect towards international financial uncertainty.