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Tether Has Assembled the Largest Private Gold Reserve in a Nuclear Bunker
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 stores the entire volume of the precious metal in the form of gold bars in Switzerland, inside a specially retrofitted nuclear bunker. The facility is equipped with a multi-layered security system, the company’s CEO claims.
In a conversation with the agency, Paolo Ardoino drew parallels between Tether and state central banks. According to him, Tether is effectively becoming one of the world’s largest “gold central banks,” playing an increasingly significant role in the global precious metals market. Ardoino stated that the company plans to launch gold trading, positioning itself as a competitor to major commercial banks.
Tether issues its own gold-backed token XAUT, which can be redeemed for physical gold bars. According to Ardoino, the volume of issued tokens is equivalent to 16 tons of gold ( $2.7 billion ). A lower-denomination token, Scudo, is also issued. The company’s CEO hopes that by the end of the year, the market turnover of XAUT will reach $5–10 billion.
Recently, Tether announced the launch of a U.S. dollar-pegged stablecoin specifically for the American market.
See also: "Tron Management Bought TRX Tokens for Hundreds of Thousands of Dollars, but the Price Remains Flat"
