Tether Provides $1.5 Billion Financing to Gold.com, Becoming Its Largest Creditor

Tether has provided about $1.5 billion in financing to Gold.com, making the stablecoin issuer the dominant creditor behind the U.S. precious-metals dealer’s outstanding gold leases, according to data shared by Coin Bureau citing Bloomberg.

Gold.com had $1.7 billion in outstanding precious-metal leases at the end of June, with Tether accounting for most of the financing. Bloomberg reported that Tether was owed approximately $1.45 billion in payables and advances from Gold.com at the end of the reporting period.

Tether Expands Role in Gold Market

The financing adds to Tether’s growing involvement in the physical gold market. The company has built a substantial bullion position while also establishing a commercial relationship with Gold.com.

Tether acquired a minority stake in Gold.com for $150 million earlier this year. The companies subsequently entered into arrangements covering gold lending, precious-metal transactions and storage. Regulatory filings show that the agreements included a gold lending and leasing arrangement, as well as plans for Tether to use Gold.com’s logistics infrastructure for gold storage.

The financing is structured primarily through precious-metal leasing rather than representing a conventional cash loan of $1.5 billion. An initial $100 million gold-leasing facility disclosed in February carried an annual lease rate of 1.75%.

Gold.com operates businesses in the U.S. precious-metals market, including A-Mark Precious Metals and JM Bullion. Its relationship with Tether gives the stablecoin issuer a direct role in financing activities connected to the physical bullion trade.

Tether Holds 146 Tons of Physical Gold

Tether’s lending activity comes alongside a significant increase in its own gold holdings. According to Tether’s second-quarter 2026 financial update, the company held more than 146 tons of physical gold as of June 30, 2026. Tether said it added 14 tons during the quarter.

Coin Bureau, citing Bloomberg, valued those holdings at roughly $20 billion as of the second quarter. The scale of the position markets physical gold a significant component of Tether’s broader reserve strategy alongside U.S. Treasury securities and other assets.

Tether’s Q2 report said its total assets stood at approximately $187.75 billion at June 30, while liabilities totaled about $183.64 billion. The company reported that assets exceeded liabilities by approximately $4.11 billion.

Gold Financing Becomes Part of Tether’s Strategy

The Gold.com relationship illustrates how Tether is using its balance sheet beyond its core stablecoin business. Bloomberg reported that Tether accounted for the majority of Gold.com’s $1.7 billion in precious-metal leases outstanding at the end of June.

For Gold.com, precious-metal leasing provides a source of financing for its bullion operations. For Tether, the arrangement provides exposure to the physical gold market while expanding its commercial relationship with one of the U.S. industry’s major dealers.

The scale of the financing and Tether’s 146-ton physical gold position mark a broader expansion of the company’s activities in the bullion market, with the Gold.com relationship now representing a substantial part of its disclosed precious-metals financing activity.

Writer: Victoria Hale
Technology & Blockchain Writer

Victoria Hale writes about blockchain technology, digital infrastructure, and the intersection of emerging technologies with finance. Her articles explore how new protocols and systems are shaping the evolving digital economy.

She prioritises clarity and accuracy when explaining technical developments to a general audience.