Summarize the content using AI
Paolo Ardoino, CEO of Tether, the issuer of the largest stablecoin USDT, has highlighted both Bitcoin 
$94,215 and gold as superior long-term stores of value compared to traditional currencies. In a brief note shared on his account, Ardoino affirmed the continuation of Tether’s strategic investment approach in Bitcoin and gold-backed XAUt. This message came at a time when investors were keenly observing the company’s allocation in BTC and gold, as indicated in its recent attestation report. Since 2023, Tether has allocated up to 15% of its profits to Bitcoin purchases while supporting XAUt with allocated gold bullion.
Ardoino’s Decisive Message: “Bitcoin and Gold Endure”
In a modest yet bold statement over the weekend, Ardoino asserted, “Bitcoin and gold will outlive every currency.” This message targeted institutional and individual investors who closely monitor Tether’s reserve composition. The timing coincided with a week of increased interest in safe havens amid market volatility.
The post brought renewed attention to the policy Tether announced on May 17, 2023, where up to 15% of net realized operational profits are allocated to Bitcoin purchases. Tether has positioned Bitcoin not just as supporting the circulating USDT but as a long-term value storage tool within its balance sheet excess. Additionally, as part of the strategy, XAUt forms an integral part, underpinned by allocated gold bullion.
Tether’s Reserve Strategy
During the summer, Tether disclosed that by June 30, 2025, XAUt was backed by 7.66 tons of gold, and in September, it communicated plans to assess potential ventures in the gold supply chain, spanning from mining to refining. This approach positions Bitcoin and gold as parallel foundational assets while attestation reports confirm that the core reserves remain in liquid U.S. Treasury papers.
The next checkpoint for investors will be the new attestation report expected at month-end or early next month. The market is eager to see if Bitcoin and gold positions have been updated and how reserve management has been optimized during volatile periods. Against a macro backdrop, Bitcoin has risen approximately 23% since early this year, gold by 53%, and a weakened dollar index has bolstered the safe haven narrative.
