Jefferies: Tether's gold holdings have appreciated by over $5 billion

01/28 11:40

according to the Financial Times, with the record rise in gold prices, the gold held by Tether has appreciated by more than 5 billion US dollars. According to Jefferies Group's estimate based on Tether's disclosed data, as of the end of September, Tether held about 116 tons of gold, valued at approximately 14.4 billion US dollars at that time. At the end of September last year, the gold price was 3,858 US dollars per ounce, but driven by rising geopolitical uncertainties and investors flocking to safe-haven assets, it has now surged to over 5,200 US dollars, meaning Tether has realized an appreciation of more than 5 billion US dollars on this portion of its holdings.
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