Größter USD-Stablecoin-Tether weicht vom US-Dollar ab und kauft Rekordgold – BFM Times
Largest USD Stablecoin Tether Pivots Aways from US Dollar, Buys Record Gold
Größter USD-Stablecoin-Tether weicht vom US-Dollar ab und kauft Rekordgold – BFM Times
Largest USD Stablecoin Tether Pivots Aways from US Dollar, Buys Record Gold
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tldr; Tether, the largest USD stablecoin, has purchased $26 billion worth of gold, surpassing all central banks, signaling a potential pivot away from US Treasuries and the US Dollar. This move may be a response to a recent S&P downgrade of Tether’s stock and a strategy to diversify its reserves amid concerns over the US Dollar’s stability. The purchase also suggests Tether’s plans to expand into European and Asian markets with fiat-backed stablecoins. The acquisition exceeds the market cap of Tether’s gold-backed stablecoin, XAU, indicating a strategic rather than operational intent.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Tether diversifying into gold is a strategic move amid dollar volatility. While they’re marketing it as „pivoting away“ from USD, it’s likely more about risk management and asset backing diversification rather than abandoning the dollar peg entirely.
This highlights an interesting evolution in stablecoins – from purely fiat-backed to more complex reserve structures. Worth watching how this affects USDT’s stability and market perception, especially with regulators increasingly scrutinizing stablecoin reserves.
Remember: despite the headline, USDT remains primarily dollar-backed. This is an adjustment to their reserves, not a fundamental change to the stablecoin’s purpose or peg.
My suspicion:
They’re afraid T-bills and other US Treasury assets could get seized if they get caught up in illicit activities.
And they won’t be able to comply with the GENIUS act.
They know Circle will be GENIUS compliant.
Don’t they also issue XAUT. Probably holding some gold for that as well