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NewsSignals AI analysis·Reuters·

Tether gold holdings backing USDT fell by 3.4 tons in the third quarter

Grade Abearish AI signal$XAU$USDT$XAUT
Tether reduced the gold backing its USDT reserves by 3.4 metric tons in Q3, bringing total holdings to 142.8 tons at the end of September, marking its first reduction since becoming a major gold buyer last year. Gold accounted for approximately $19 billion, or 10% of USDT reserves, while US Treasury bills represented the dominant $123 billion allocation; Tether did not disclose the reason for the reduction. The reserve shift could raise questions about Tether's asset allocation strategy and potentially increase scrutiny of its stablecoin backing.

Bullish strength: 35/100

  • Tether reported $4.5 billion in net operating profit during January-September.
  • US Treasury bills worth $123 billion remain the dominant reserve asset.

Bearish strength: 65/100

  • Gold reserves backing USDT declined by 3.4 metric tons in Q3.
  • The reduction marks the first decline since Tether became a significant gold buyer.
  • Tether did not disclose the reason for reducing its gold holdings.

This is automated NewsSignals analysis of third-party reporting, not independent original reporting or investment advice. AI scores are not price predictions.

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