Paolo Ardoino’s latest comment about bitcoin and gold echoes Tether’s policy of buying BTC with profits and building up gold exposure.
By Siamak Masnavi, AI Boost|Edited by Aoyon Ashraf
Oct 12, 2025, 8:48 p.m.
- Tether CEO Paolo Ardoino wrote on X that “bitcoin and gold will outlast any other currency,” echoing Tether’s reserve stance.
- Tether said in May 2023 it would use up to 15% of realized operating profits to buy bitcoin for reserves and later detailed growing gold backing for XAUt.
- Ardoino has linked the two assets before and has rejected claims Tether sold BTC to add gold; investors now await the next attestation.
Tether CEO Paolo Ardoino said in a post on X on Sunday that “Bitcoin and Gold will outlast any other currency,” a minimalist line that aligns with how the stablecoin issuer has positioned parts of its reserves over the past two years.
On May 17, 2023, Tether said it would regularly allocate up to 15% of net realized operating profits to purchase bitcoin for reserves, adding BTC to surplus rather than using it to back circulating USDT one-for-one. The company framed the move as strengthening its balance sheet with a long-term store of value.
STORY CONTINUES BELOW
Gold sits alongside bitcoin in that mix.
Tether issues tether gold (XAUt), a token backed by allocated bars, and said on July 24 that more than 7.66 tons of metal backed outstanding tokens as of June 30, 2025. Separately, as CoinDesk reported on Sept. 5, 2025, citing the Financial Times, Tether has held talks to invest across the gold value chain — from mining and refining to royalties — as part of a broader diversification push.
Ardoino has grouped the assets rhetorically before. On Sept. 7, he referenced bitcoin, gold and land as hedges and later dismissed suggestions that Tether sold BTC to accumulate gold, saying the firm remained committed to growing its bitcoin position.
Today’s eight-word post is less a policy shift than a restatement — bitcoin as a strategic asset added with profits, and gold as a parallel pillar via tokenization and potential upstream investments — while most reserves remain in liquid instruments such as U.S. Treasurys per attestations. The next reserve report, expected late this month or early next month, will show whether allocations to BTC and gold have changed.
As of Sunday, 8:10 p.m. UTC, the U.S. dollar index (DXY) was down 8.88% year to date, while bitcoin and gold — BTC-USD and XAU-USD — were up 22.79% and 52.91%, respectively, according to MarketWatch.
AI Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.
More For You
Sep 9, 2025
Combined spot and derivatives trading on centralized exchanges surged 7.58% to $9.72 trillion in August, marking the highest monthly volume of 2025
What to know:
- Combined spot and derivatives trading on centralized exchanges surged 7.58% to $9.72 trillion in August, marking the highest monthly volume of 2025
- Gate exchange emerged as major player with 98.9% volume surge to $746 billion, overtaking Bitget to become fourth-largest platform
- Open interest across centralized derivatives exchanges rose 4.92% to $187 billion
More For You
By Siamak Masnavi, AI Boost|Edited by Aoyon Ashraf
4 hours ago
Wiston Capital’s Charlie Erith says a leverage cascade drove the Oct. 10 break, with altcoins hit hardest, and lays out the signals he will track before adding risk.
What to know:
- About $560 billion (13.1%) has come off total crypto market value since Oct. 6, Wiston Capital Founder Charlie Erith says.
- Tokens excluding bitcoin, ether and stablecoins fell about 33% in roughly 25 minutes during the break, alongside approximately $18.7 billion in liquidations, he says.
- He is watching bitcoin’s 365-day EMA, bitcoin dominance, Strategy’s trend and the VIX, while staying invested but not levered.
