Tether’s CEO Paolo Ardoino recently reaffirmed the firm’s confidence in bitcoin and gold as enduring hedges against the devaluation of fiat currencies. In a succinct post on the social media platform X, Ardoino stated, “Bitcoin and Gold will outlast any other currency.” This message underscores Tether’s ongoing strategy of integrating these assets into its reserve structure, reflecting a broader approach to financial diversification.
In May 2023, Tether announced a policy to allocate up to 15% of its net realized operating profits for purchasing bitcoin. Importantly, these bitcoin acquisitions are added to Tether’s reserves as surplus assets rather than being used to back stablecoins on a one-to-one basis. The company frames this move as bolstering its balance sheet with a durable store of value, complementing traditional holdings.
Alongside bitcoin, gold plays a significant role in Tether’s asset mix. The company issues Tether Gold (XAUt), a token backed by allocated physical gold bars. According to data released in July 2025, outstanding XAUt tokens were supported by more than 7.66 tons of allocated gold as of June 30. Additionally, reports from September 2025 indicate that Tether has explored investments throughout the gold supply chain—from mining and refining operations to royalty agreements—demonstrating a commitment to broadening its exposure to the precious metal.
Ardoino has publicly linked these assets, emphasizing their importance as parallel pillars for preserving value. In September, he highlighted bitcoin, gold, and real estate as viable hedges, while dismissing claims that Tether had sold bitcoin holdings to increase gold exposure. Instead, the firm continues to prioritize augmenting its bitcoin reserves.
Today’s brief statement should be seen more as a reaffirmation than a change in asset allocation policy. Bitcoin remains a strategic investment accumulated with company profits, while gold is supported both through its tokenized form and potential upstream ventures. Despite these allocations, Tether continues to hold the majority of its reserves in liquid instruments such as U.S. Treasury securities, in line with regular attestation reports.
Market data as of Sunday, 8:10 p.m. UTC, illustrates the relative performance of these assets during 2025. The U.S. Dollar Index (DXY) has declined nearly 9% year to date, whereas bitcoin (BTC-USD) and gold (XAU-USD) have increased approximately 22.8% and 52.9%, respectively, according to MarketWatch statistics. These figures provide a factual backdrop for Tether’s emphasis on bitcoin and gold as stores of value amid fiat currency headwinds.
The upcoming reserve report, expected later this month or early next month, will offer further insight into any shifts in Tether’s allocations to bitcoin and gold.
