Tether's gold stash tops $23 billion as buying outpaces nation states, Jefferies says

According to a report from Jefferies, Tether, the popular stablecoin issuer, has amassed a remarkable gold reserve that exceeds $23 billion. This significant increase in their gold holdings indicates that the demand for gold from Tether is now surpassing that of entire nation-states, highlighting the growing influence and purchasing power of cryptocurrency entities in the precious metals market. source: https://www.coindesk.com/markets/2026/02/09/tether-s-gold-stash-tops-usd23-billion-as-buying-outpaces-nation-states-jefferies-says