Major gold holder quietly lends $1.5 billion to top U.S. dealer

Tether, a major crypto company renowned for its stablecoins USDT and XAUT, has quietly provided a substantial $1.5 billion loan to the leading U.S. gold dealer, Gold.com. USDT, pegged 1:1 to the U.S. dollar, and XAUT, backed by one fine troy ounce of physical gold, are both digital assets available on Ethereum and TRON blockchains.

Tether's gold holdings have expanded to over 146 tons as of July 31, 2026, according to its latest attestation. The $1.5 billion loan allows Gold.com to utilize bullion and other precious metals without immediate payment, enabling trading and other operations before settling the debt. This move signifies Tether's growing involvement in the gold market, complementing its dominance in the stablecoin segment with a 60% market share.