Tether Adds 14 Tonnes of Gold in Q2 as Profits Reach $1.5 Billion

Tether, the issuer of the leading stablecoin, has expanded its physical gold holdings by 14 tonnes in the second quarter, reaching over 146 tonnes valued at around $18.8 billion. This move came alongside a net operating profit of $1.5 billion, positioning the company as one of the largest private gold owners.