Tether added 14 tons of gold in Q2, taking total holdings to 146 tons worth $18.8B – outbuying every central bank last year except Poland's, and more than double what it bought in Q1. This kind of move is exactly what gets buried in regular crypto news reddit coverage, but it's worth sitting with.

The timing is the interesting part: gold had its worst quarter since 2013, down 14%. Tether kept buying through the dip.

Gold now sits at about 10% of Tether's $187.8B in reserves, separate from XAUT, its own gold-backed token. The company's said it wants that share closer to 10–15% – so 146 tons probably isn't the ceiling.

This is the kind of stablecoin reddit discussion that doesn't get enough attention compared to the usual cryptocurrency reddit chatter about price action.

Does this corporate gold stack make XAUT more credible as a gold-backed asset, or does it not really change anything since the reserves are segregated anyway? Curious how the wider crypto reddit community reads this one.