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Bloomberg: Tether has become one of the largest buyers of gold in the market, holding more than $12 billion worth of gold as of September.

According to Mars Finance, the stablecoin issuer Tether has become one of the largest buyers of gold in the market. Currently, the reserves of USDT include gold, and its latest reserve report shows that the gold held by the company is worth over 12 billion USD, with an average weekly increase of over 1 ton of gold in the past year. It is reported that this statistic does not include the gold reserves of its gold stablecoin (XAUT), nor does it account for private gold investments made with Tether's billions of dollars in profits.

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