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The volume of Tether gold has matched the reserves of South Korea and Hungary.
According to FT and Jefferies, Tether has accumulated 116 tons of gold — nearly as much as South Korea, Hungary, and Greece combined.
In the quarter, the company accounted for about 2% of the global demand for gold and approximately 12% of all central bank purchases.
The increase in reserves is associated with the bet on the tokenized gold market: the issuance of XAUt has almost doubled in six months, and the reserves have increased by more than 275,000 ounces.
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