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الاقتصادية
Tidhar acquires 14 tons of gold during Iran conflict
Tether company purchased 14 tons of gold during the second quarter of 2026, bringing its total gold reserves to 146 tons valued at approximately $18.8 billion. This comes amid a decline in gold prices, which fell due to rising bond yields resulting from the impact of the Middle East conflict. The increase in yields pressured the precious metal, which does not generate income. Tether is considered the largest holder of gold outside of banks and governments. Its revenue is generated from issuing the USDT stablecoin pegged to the dollar and investing funds in U.S. Treasury bonds and gold. The company recorded an operating profit of $1.5 billion in the second quarter, with a slowdown in gold purchases compared to previous periods. This slowdown is partly attributed to the issuance of nearly half a billion dollars worth of new USDT tokens in Q2. Additionally, the company launched a gold lending program valued at no less than $100 million, with lending and collateral agreements amounting to approximately $363 million as of March 31, 2026.
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