Tether announced the launch of the world’s first neobank Visa card linked to tokenized gold, XAUT (Tether Gold). The project is being developed in partnership with the digital banking and investment platform Fasset.

Tether, the issuer of the world’s largest stablecoin, purchased about 6 metric tons of gold for its reserves in the first quarter, down from 27 tons in the October–December period, according to a quarterly report published on Friday.

The largest player in the crypto industry is expanding its own computing infrastructure. According to Tether’s statement, the company has begun implementing high-density modular systems for Bitcoin ($BTC) mining.

Tether, one of the largest stablecoin issuers in the cryptocurrency market, continues its Bitcoin accumulation strategy. It is reported that 951 BTC (approximately $70.47 million) was withdrawn from a reserve address linked to the company via Bitfinex.

Tether has launched Tether Gold (XAU₮) on BNB Chain, allowing users to hold digital tokens backed by real gold. This move comes after gold prices rose by 64% in 2025—the largest increase in 40 years. Each token represents one troy ounce of gold stored in Swiss vaults and verified through independent audits.

Stablecoin issuer Tether has released an open-source operating system for Bitcoin mining. Tether’s Mining OS is an operational platform that can be scaled to industrial levels across different geographic regions. It is a highly modular peer-to-peer encrypted networking layer that supports numerous miners, containers, sensors, monitoring devices, pools, and more, wrote Tether CEO Paolo Ardoino.

The company purchases one to two tons of the most valuable precious metal every week, Ardoino said. Over the past year, Tether added more than 70 tons of gold to its reserves. According to Bloomberg estimates, this exceeds the annual purchases of nearly any central bank, with the exception of the Central Bank of Poland, which increased its gold reserves by 102 tons over the same period. By comparison, all central banks worldwide combined purchased just over 200 tons of gold in 2025.

Tether has officially confirmed that it is shutting down its cryptocurrency mining operations in Uruguay and laying off 30 of its 38 employees. The reason is excessively high electricity costs and uncompetitive tariffs.

Tether transferred 8,888 BTC from a hot wallet on the Bitfinex crypto exchange to the address where it stores its reserves. The company’s first Bitcoin reserve deposits took place on September 30, 2022. Currently, the USDT issuer holds 87,475 BTC on its balance sheet.

Tether Holdings SA, the parent company of the world’s largest stablecoin, is in talks with investors to raise between $15 billion and $20 billion in exchange for roughly 3% of the company, Bloomberg reported on Tuesday.

Cryptocurrency company Tether plans to launch a U.S. stablecoin called USAT, designed specifically for American residents, CEO Paolo Ardoino announced Friday at a press conference in New York.