Gold Climbs to $5,300 as Tether Expands Bullion Holdings and Coinbase Pushes Futures
have surged past $5,300 per ounce. As BTC stays below the $90,000 mark, Tether and Coinbase are pursuing diverse strategies to capitalize on gold’s rally. Tether keeps adding actual gold to its holdings, making it one of the most oversized gold holders. At the identical time, Coinbase is pushing for access to .
The Record Rally of Gold
According to data, spot gold rose above $5,300 per ounce on Wednesday, reaching a high of $5,311 at 3:30 a.m. UTC. The rise is a 90% yahead increase, which is very diverse from BTC’s 13% loss to $89,351 and the US dollar index’s 10.7% drop.
This trend shows that gold is a excellent hedge against geopolitical risks, central bank purchaseing, and the US easing .
Tether’s Plan For Physical Gold
Tether, the company behind the USDT stablecoin and the gold-pegged XAUT, it had $12 billion in gold exposure as of September 2025. It has 130 metric tons of physical gold worth around $22 billion at current prices. It also 520,089 troy ounces (16.2 metric tons) set aside just for backing XAUT tokens for physical delivery redemption.
A Tether representative said, “Tether keeps about 130 metric tons of physical gold, and the gold backing each XAUT token is kept separate so that it can be redeemed for physical delivery.”
In an interview with Bloomberg, CEO Paolo Ardoino , “We are soon becoming basically one of the largegest, let’s say, gold central banks in the world.” This means that our reserves are now on par with those of Mexico, South Africa, and Sweden, according to World Gold Council data.
Coinbase’s Futures Push
During the surge, Coinbase, a major USDC stablecoin partner, has highlighted its commodity futures products. Brian Armstrong, the CEO, on X, “You can trade precious metals on Coinbase.” Coinbase offers futures for silver, gold, copper, and platinum.
Futures trading doesn’t involve delivery, unlike Tether’s physical holdings, which drew mixed reactions from traders; some thought it might signal a market peak. Binance also launched perpetual futures for gold and silver in ahead January.
diverse Strategies in Crypto
The approaches offer many ways to play: Tether uses its dominance in to build a fortress-like reserve akin to sovereign holdings. This gives investors direct exposure to bullion. Coinbase, focused on trading infrastructure, enables both retail and institutional investors to make leveraged bets on metals.
These developments show how the sector is adapting to traditional secure havens as gold outperforms . Tether is looking to become a “gold central bank,” while Coinbase is viewing a lot of futures trade.
