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Tether’s 116-ton gold hoard rivals reserves of Korea and Hungary: Jefferies

Tether accounted for almost 2% of global gold demand last quarter, with Jefferies noting that its aggressive buying may be influencing short-term market sentiment.

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Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

Tether’s 116-ton gold hoard rivals reserves of Korea and Hungary: Jefferies

Tether accounted for almost 2% of global gold demand last quarter, with Jefferies noting that its aggressive buying may be influencing short-term market sentiment.

Why this matters

This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.

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