BREAKING: Tether Now Trading & Storing Silver in Las Vegas!

Tether Is Trading and Storing Silver in Las Vegas “Physical silver belonging to a Tether affiliate is being stored within Gold.com’s network”

Below are two tether stories. The first is about their Gold loan business, which is booming. The second is from our own analysis of Gold.com’s most recent 10k revealing they control and are trading Silver as well.

Tether has become a substantial source of financing in the physical gold market, extending approximately $1.5 billion in precious-metals financing to Gold.com, one of the largest bullion dealers in the United States. It is also trading and storing silver in a Las Vegas facility. We have both stories. The scale moves Tether beyond its better-known role as the issuer of USDT and beyond simply accumulating physical gold. It is now using part of that gold position in transactions that resemble traditional bullion-market financing.

Bloomberg reported this week that Tether accounted for the majority of approximately $1.7 billion in precious-metals leases outstanding at Gold.com at the end of June. Gold.com owed approximately $1.45 billion in payables and advances to Tether at that point. The relationship has expanded quickly. At the end of March, Gold.com had disclosed roughly $362.6 million in precious-metals leases and customer advances involving Tether. Within approximately three months, the amount associated with Tether had increased by more than $1 billion.

The financing relationship followed Tether’s $150 million strategic investment in Gold.com earlier this year, which gave the stablecoin company roughly a 12% ownership position. The companies described that investment as part of a broader effort to connect physical bullion distribution with digital gold products, including Tether Gold, or XAU₮. Gold.com has since described precious-metals leasing from Tether as a significant source of financing and has said the companies intend to develop an integrated gold ecosystem spanning physical and digital markets.

How the Financing Works This is not simply a conventional dollar loan secured by gold. Under a previously disclosed arrangement, Tether can provide LBMA Good Delivery gold bars through a precious-metals leasing facility. Tether retains ownership of the metal while Gold.com receives use of it for an agreed period. The facility carried an annual lease rate of 1.75%, with individual transactions permitted to run for as long as 18 months. At maturity, Gold.com must return the equivalent quantity and purity of gold, with settlement taking place in London. For a bullion dealer, this can be an efficient form of working-capital financing. Rather than borrowing dollars and purchasing bullion outright, the dealer can borrow the metal directly, use it to maintain inventory or satisfy customer demand, and later return an equivalent quantity. This is an established function in the bullion market and has historically been associated with major banks and specialist precious-metals firms.

What is unusual here is the lender. Tether has accumulated enough physical gold to participate directly in that financing system.

Gold.com precious metal lease advances Tether’s Growing Physical Gold Position Tether reported holding more than 146 metric tonnes of physical gold at the end of June. The company added approximately 14 tonnes during the second quarter, following purchases of roughly six tonnes during the first quarter and more than 21 tonnes during the final quarter of 2025. At June prices, the position was valued at approximately $18.8 billion. The Gold.com relationship shows that Tether is no longer treating all of that bullion simply as a passive reserve asset. Gold that is leased into the market can also serve a funding and liquidity function while remaining an asset of the lender.

That is the important distinction. Tether is simultaneously accumulating bullion and developing ways to use that bullion within financial transactions. Its role increasingly combines elements of reserve ownership and wholesale gold financing.

From Gold Ownership to Gold Infrastructure The development also fits with Tether’s expansion into tokenized gold. XAU₮ represents ownership interests in physical bullion held in custody, while Gold.com provides an established distribution network in the conventional bullion market. The leasing relationship creates another connection between those activities by placing physical gold into commercial circulation. Tether should not be confused with a traditional bullion bank, which typically performs a much broader range of market-making, derivatives, custody, clearing and financing activities. But the leasing agreement demonstrates that it is now performing at least one function long associated with that market: supplying physical metal as financing to a major dealer.

The numbers show how quickly that role has developed. Tether began the year attracting attention for its gold accumulation and its $150 million investment in Gold.com. By the end of June, its exposure to the dealer through precious-metals leases and related advances had reached approximately $1.5 billion, while its own physical holdings had risen above 146 tonnes. The broader point is straightforward. Tether’s gold strategy is no longer limited to owning bullion. It is beginning to use that bullion within a larger structure connecting physical ownership, financing, distribution and tokenization. The $1.5 billion relationship suggests that the transition from owning gold to financing with gold is already underway.

What Bloomberg missed and we are happy to report is that this is not just a gold story. It is a silver story as well.

Exclusive: Tether Is Also Trading and Storing Silver in Las Vegas After analyzing Gold.com’s most recent S-3 and 10k GoldFix notes the following… Tether’s expansion into precious metals extends beyond gold. Regulatory filings show that a Tether affiliate is storing physical silver at Gold.com’s precious-metals facilities in Las Vegas while maintaining separate agreements to buy, sell and lease silver through the bullion dealer.

“a subsidiary of the Company and an affiliate of the Selling Stockholder entered into a Precious Metals Storage Agreement, dated March 24, 2026, pursuant to which the affiliate of Selling Stockholder is storing gold and silver at storage facilities of the Company in Las Vegas, Nevada and at other locations arranged through the Company”...

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Before the mods pull this thread ( as in the past), realize this news is NOT promoting PM's, only disclosing facts that MSM avoids.

One question, if e money and Stablecoins are all the rage, why is Tether backing it in Gold and Silver?

I don't know what to make of Tether.

I keep hearing from pretty reliable sources that they have been buying a lot of gold, and now I'm hearing that they're buying silver.
Sounds good, and makes me wonder if maybe they are the best option in the crypto space. So, I do my homework and start looking into the guys behind Tether.
Some of them have pasts that concern me.
As far as I'm aware (it's been months since I did my research) they have not allowed an audit to prove that they actually have all of these assets.

I'm going to stick with physical PMs.

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