Stablecoin issuer Tether has become one of the largest buyers of gold in the market. Gold is now included in USDT's reserve assets, and its latest reserve report shows that in September, the company held gold worth over $12 billion. In the past year ending in September, it has added an average of over one ton of gold per week. This statistic reportedly does not include the gold reserves of its gold-backed stablecoin (XAUT), nor does it account for private gold investments made using billions of dollars of Tether's profits. (Bloomberg)