Tether, the world’s largest stablecoin, is planning on investing billions in mining real gold. Paolo Ardoino, the company’s chief executive, has called gold “natural bitcoin” and has expressed interest in breaking into the sector. The company, which posted $5.7 billion in profits in the first half of 2025, has set its sights on investing its money in assets with intrinsic value.

The company already holds $8 billion in gold bars, which sit in a vault in Zurich, that it uses as collateral for its stablecoins. However, the gold Tether plans on mining from the real world, wouldn’t be used to back its stablecoins, rather it’s purely an investment strategy to safeguard itself against market fluctuations.

As expected: pic.twitter.com/Zu7Yc1TrUM

Advertisement

— Ronnie Stoeferle (@RonStoeferle) September 5, 2025

Tether isn’t the only company or country using its crypto profits to buy up gold bars either; El Salvador also recently purchased $50 million in gold in an attempt to “diversify” its Bitcoin portfolio.

So why are crypto bros hot on gold? Well, for one, gold, unlike stablecoins and Bitcoin, actually has value.

How ironic.