**[Tether Increases Gold Reserves by Approximately 27 Tons]** According to a report by Reuters, stablecoin issuer Tether disclosed that it increased its gold reserves by approximately 27 tons in the fourth quarter of 2025, which is roughly in line with analysts' estimates of 26 tons purchased in the third quarter. Tether stated that its gold reserves are now comparable to the holdings of some sovereign central banks. For comparison, the Polish central bank increased its gold reserves by 35 tons during the same period, bringing its total reserves to 550 tons. The circulating supply of Tether's USD stablecoin, USDT, currently stands at $187 billion, while the circulating value of its gold-backed token, XAUT, is $2.7 billion. As of the end of December last year, XAUT was backed by 16.2 tons of gold, accounting for 60% of the global supply of gold-backed stablecoins. Meanwhile, the most recent audit as of the end of September last year showed that USDT's reserves included $12.9 billion worth of gold, which, based on gold prices at the time, equated to approximately 104 tons.