# USDT

Tether’s Quiet Gold Grab: Crypto Firm Eyes a Central‑Bank‑Like Role in the Bull Market

Tether has been buying physical gold at a rate reportedly exceeding one tonne per week, positioning itself as one of the largest private holders of bullion and signaling an ambition to operate like a central bank in the gold market. CEO Paolo Ardoino says the company will keep reinvesting profits into gold and compete with banks on bullion trading, while warning that geopolitical rivals may pursue gold‑backed currency alternatives.