Story perspectives

Central Banks Surge in Gold Buying Amid Crypto Challenges

11/25/2025

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Summary

Story summary

Central banks led by China, Turkey, India, and Russia have sharply increased gold purchases, pushing prices to record highs.
Tether, the largest stablecoin issuer, has invested over $300 million in gold royalty stocks.
Tether holds substantial stakes in Elemental Altus and Versamet.
Tether's gold holdings total 116 tonnes.
New U.S. regulations may complicate its gold-backed plans and raise questions about the future interplay between gold and crypto.

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Story summary

Central banks led by China, Turkey, India, and Russia have sharply increased gold purchases, pushing prices to record highs.
Tether, the largest stablecoin issuer, has invested over $300 million in gold royalty stocks.
Tether holds substantial stakes in Elemental Altus and Versamet.
Tether's gold holdings total 116 tonnes.
New U.S. regulations may complicate its gold-backed plans and raise questions about the future interplay between gold and crypto.