🟩 Tether is now the world's largest gold buyer (even ahead of central banks). This is one of the most striking signals of the ongoing transformation of the global stablecoin leader. In the latest analysis by @BukovskiBuko3 for @TheBigWhale_, we look back at an exceptional 2025 for Tether: $10 billion in profits over three quarters and a balance sheet undergoing major restructuring. With 26 tons purchased in Q3 and 116 tons in reserves, Tether surpasses countries like Kazakhstan or Brazil and is approaching the level of central banks like South Korea. Demand for $XAUT, its tokenized gold, is exploding, and the group appears to be preparing for the rise of an "on-chain gold" market as powerful as that of stablecoins. This bet on gold is part of a broader strategy: Diversifying its revenue as falling interest rates erode the profitability of T-Bills that underpin its $USDT stablecoin. Secured loans surging, Bitcoin reserves, and especially massive investments in AI, energy, tokenization, and even football… Tether is deploying its financial power like a true conglomerate. Read our analysis 👉