Tether’s Gold Push Adds a New Demand Floor for XAU Price—Could It Break the Market?

Tether’s growing appetite for physical gold is turning the world’s largest stablecoin issuer into a meaningful new force in the bullion market. However, is it powerful enough to single-handedly reprice it? Tether’s Gold Allocation Adds Marginal Demand—but Limited Short-Run Price Impact CEO Paolo Ardoino has said Tether plans to raise gold to 10–15% of its investment portfolio, up from earlier levels closer to 7%. “For our own portfolio, it’s reasonable that we are going to have around 10% in Bitcoin and 10% to 15% in gold,” Ardoino said in an interview with Reuters. The move, if actualized, could formalize gold as a core reserve asset alongside US Treasuries and Bitcoin source: https://beincrypto.com/tether-gold-reserve-central-bank-scale/