[Tether Holds 116 Tons of Gold, Comparable to the Reserves of Central Banks in South Korea and Hungary] A Jefferies analysis report reveals that stablecoin issuer Tether currently holds 116 tons of physical gold, making it 'the largest gold holder outside of central banks,' with reserves comparable to the central banks of countries like South Korea, Hungary, and Greece. Last quarter, Tether's gold purchases accounted for nearly 2% of global gold demand and approximately 12% of central bank purchases. Jefferies cited investors stating that Tether plans to acquire an additional 100 tons of gold by 2025. Furthermore, Tether has invested over $300 million in precious metal producers and issued a gold-backed token, Tether Gold (XAUt), which has a market capitalization of $2.1 billion, with its issuance doubling over the past six months.