Why Tether is buying gold like a central bank
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Yahoo Finance Video
Thu, August 13, 2026 at 11:30 PM GMT+5:30
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Tether (USDT-USD), the crypto platform, is on a gold-buying spree, having acquired 27 metric tons of the precious metal (GC=F) so far in 2026. So why is the crypto giant piling into gold—and what does the move say about its strategy? Scott Melker breaks it down
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00:00Speaker A
This crypto platform buys gold like a central bank
00:03Speaker A
And for the very same reasons. Of course, we are talking about Tether. Tether reportedly purchased more than 27 metric tons of gold during the first half of 2026
00:10Speaker A
bringing their total owned gold up to 146 tons. Now, what I found interesting, only China, Poland and Uzbekistan reportedly bought more among actual central banks
00:19Speaker A
And Tether’s buying was the same as Kazakhstan. So I got a picture of Kazakhstan Central banker
00:25Speaker A
Very nice, great success
00:27Speaker A
That should be Paolo Ardoino from Tether. I should have made him the meme
00:30Speaker A
Same amount as Kazakhstan. My wife
00:33Speaker A
She she nice
00:35Speaker A
He’s so good
00:36Speaker A
We need Borat back. Don’t you guys think? But listen, like, uh, you know
00:40Speaker A
Tether makes most of their money by collecting money from people, minting Tether, then taking the money they collected collected and putting it into short-term treasuries
00:50Speaker A
Right? Yields are high, 4 or 5%, they make billions of dollars with like 100 employees or less
00:54Speaker A
One of the most successful businesses on the planet. Well, it makes sense for them to diversify their own treasury assets
01:00Speaker A
right? Not to back tether, but their own treasury assets. They buy Bitcoin, they make investments, they buy gold and to put their money where their mouth is. But this is the same thing we’re seeing as central banks all around the world
01:07Speaker A
They’re not a central bank because they’re obviously not issuing their own currency, they’re just issuing a digital version of the dollar and other currencies
01:14Speaker A
But they’re buying this as a hedge against the same insanity that uh comes from central banks all around the world
01:21Speaker A
Very nice. Great success
01:24Speaker A
Great success
