Tether's gold reserves reached 116 tons, making it the world's largest non-Central Bank gold holder.

Source: DigitalToday Original Title: Tether Holds 116 Tons of Gold… Comparable to Central Banks of South Korea and Hungary Original Link:

The stablecoin issuer Tether holds 116 tons of physical gold, reaching the level of central banks in countries such as South Korea, Hungary, and Greece.

Investment bank Jefferies analysis indicates that Theses has become the world's largest holder of gold, aside from central banks, and has influenced the recent rise in gold prices. In the third quarter, Theses' gold purchases accounted for about 2% of global gold demand and 12% of central bank purchases. Theses plans to continue increasing its gold purchases.

Jeffries predicts that Tether will acquire an additional 100 tons of gold by 2025, and given its projected annual revenue of $15 billion, this goal is entirely feasible.

Tether has invested over $300 million in gold production companies and acquired a 32% stake in Canadian gold royalty company Elemental Altus Royalties, further expanding its investment in the gold supply chain.