Tether Reduces Gold Purchases for USDT Reserves in Q1
Tether, the issuer of the largest stablecoin USDT, reduced gold purchases to back reserves from 27 metric tons (Q4) to about 6 metric tons in Q1. As of March end, Tether held $19.8 billion worth of gold for its USDT reserves and an additional 22 tons backing its XAUT token.
Topics: gold purchases stablecoins Tether USDT reserves