Paolo Ardoino, the CEO of Tether, shared in a recent post on X that he believes “Bitcoin and Gold will outlast any other currency.” This statement reflects Tether’s strategic approach to managing its reserves over the last two years.
On May 17, 2023, Tether announced plans to allocate up to 15% of its net realized operating profits towards purchasing Bitcoin for its reserves, thereby enhancing its balance sheet with a focus on long-term value rather than using Bitcoin to directly back USDT. This decision reinforces their goal of establishing a robust financial foundation.
Bitcoin is complemented in this strategy by gold.
Tether has launched Tether Gold (XAUt), a token supported by allocated gold bars, and noted on July 24 that as of June 30, 2025, over 7.66 tons of gold backed its outstanding tokens. Additionally, as reported by CoinDesk on September 5, 2025, Tether has engaged in discussions about investing in various aspects of the gold industry, including mining, refining, and royalty ventures, which is part of a broader strategy for diversification.
Previously, Ardoino has linked these assets together rhetorically. On September 7, he mentioned Bitcoin, gold, and land as effective hedges while refuting claims that Tether had sold Bitcoin to acquire more gold, insisting instead on the firm’s commitment to expanding its Bitcoin holdings.
The succinct message from Ardoino today reiterates the firm’s stance — Bitcoin is a strategic asset acquired with profits, with gold serving as an additional foundational support through both tokenization and potential investments in the upstream sector. The majority of reserves still lie in liquid assets like U.S. Treasuries, as per the latest attestations. A forthcoming reserve report, expected either late this month or early next month, will reveal any shifts in Bitcoin and gold allocations.
As of Sunday at 8:10 p.m. UTC, the U.S. dollar index (DXY) had fallen by 8.88% for the year, while Bitcoin and gold prices (BTC-USD and XAU-USD, respectively) had increased by 22.79% and 52.91%, according to data from MarketWatch.
