#ETH巨鲸增持 You might not expect that behind the recent rise in gold prices, there is an invisible driving force - Tether. Looking at the data, an interesting fact emerges: in the second and third quarters of this year, central banks around the world purchased nearly 400 tons of gold, and Tether accounted for over 12% of that. Now, this USDT issuer holds 116 tons of physical gold, equivalent to nearly 14 billion USD, which is already comparable to the official reserves of countries like South Korea, Hungary, and Greece.

Analysts have pointed out that Tether's procurement actions "may have tightened market supply in the short term and stimulated speculative funds to follow suit." In simple terms, the influence of marginal buyers can sometimes be more powerful than people imagine. $BTC the volatility of these crypto assets may also be related to the chain reaction of such traditional asset allocation.

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DefiVeteran

· 18h ago

Tether is being quite aggressive here, 116 tons of gold, really treating itself like a Central Bank. Wait, is this logic reversed? Did the gold price rise and then Tether followed suit, or did Tether's move make the gold price rise? Wow, a stablecoin company's reserves can rival that of a country, this is a bit absurd when you think about it. If marginal buyers have such a large impact, should we retail investors be holding on to the big players tightly? Tether is playing a very big game here, is this the same logic as USDT's issuance? No, if they really have that much Spot gold, would the USDT's credit be more stable or riskier?

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WhaleWatcher

· 12-01 03:11

Tether playing tricks with gold is indeed part of a bigger game. Wait, does this mean Tether is wealthier than many countries? That's a bit ridiculous. 116 tons of gold... what if things go south one day? The risk feels quite high. Marginal buyers going all in can indeed trigger a chain reaction; I hadn't thought about it like this before. Large Investors in the crypto world allocating gold means that those in TradFi won't underestimate us anymore. It feels like USDT is holding back a big move, so we need to keep a close eye on it. This is why gold prices have been soaring recently; turns out there's a whole play behind it. In crowded places, money often doesn't keep up, and just one Tether can make such a commotion. This move by Tether is really about building a moat for itself.

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ApyWhisperer

· 11-28 20:10

Wow, Tether's move is almost like a Central Bank, haha 116 tons of gold is more than some countries' reserves, this is indeed quite something The topic of marginal buyers is well put, retail investors have been stunned by this wave Wait, is this hinting at the stability of USDT? Or is it talking about financial oligopoly... I just want to ask, is this 116 tons really in the vault? The fluctuation of the crypto market is really that simple, after all this time it's still traditional capital playing the cards How many people have been played for suckers to exchange this move by Tether? Speaking of which, is there any difference between this logic and the Fed printing money?

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GateUser-4745f9ce

· 11-28 20:04

Tether's operation this time is really amazing, 116 tons of gold can directly stand on equal footing with small countries. Speaking of which, if this continues, will these stablecoin issuers slowly become shadow Central Banks? Marginal buyers can stir such a large pool, the water in the crypto world is indeed deep. Fortunately, I kept up in time, otherwise I would have been played for a sucker again. This logic chain is too long, gold price rises → USDT hoarding gold → market tightens → capital gets restless → encryption fluctuations, it feels like every link can play a wave of people.

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WalletsWatcher

· 11-28 20:00

Tether's tactics are incredible, 116 tons of gold has directly become a shadow Central Bank. Wait, does this imply something? The line between TradFi and the crypto world is becoming increasingly blurred. Wow, this scale is indeed impressive, 14 billion USD in gold reserves is more than a bunch of countries... The marginal buyer effect has been underestimated for too long, no wonder that coin prices dance along with gold prices. Tether is playing a very big game, why do I feel that USDT is no longer just a stablecoin? Is this building a parallel financial system? Or is it purely asset allocation? It's hard to tell. Players are awake, everyone is scrambling for gold now, but Tether has already laid the groundwork.

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