Tether finances 1.453 billion dollars in gold for Gold.com

Tether has become the main gold supplier for the wholesaler Gold.com after financing 1.453 billion dollars in bullion through a leasing scheme. This information was revealed in Gold.com's annual report Form 10-K for the fiscal year ending June 30, 2026. Tether's commitment represented the majority portion of the 1.688 billion dollars in gold leasing advances recorded by the group. The operation allows the trader to use the metal in its activities and return it to Tether later. In 2026, Gold.com began leasing precious metals from Tether, which has significantly contributed to its liquidity. The business alliance started in February when Tether invested 150 million dollars to acquire 3,371,000 shares, obtaining a 13.3% stake in Gold.com. Additionally, the storage of metal in the distributor's warehouses and the sale of 20 million dollars in XAUt, Tether's gold-backed digital asset, were included. Gold.com, formerly A-Mark Precious Metals, is listed on the New York Stock Exchange under the ticker GOLD and recorded revenues of 25.513 billion dollars during the fiscal year ending June 30, selling 2 million ounces of gold. The financing reinforces Tether's strategy of accumulating physical reserves, with estimated holdings of 148 tons of gold in Swiss vaults.

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