Tether slowed down its purchase of gold reserves for USDT in the first quarter, increasing by about 6 tons in a single quarter

The report shows that as of the end of March, the value of gold in the USDT reserves is $19.8 billion, which is approximately 132 metric tons based on market prices at that time, an increase from 126 tons at the end of December last year, but gold only accounts for 10% of the reserves.

The USDT reserves are mainly composed of $117 billion in U.S. Treasury bonds, with Bitcoin accounting for $7 billion. The current circulation of USDT is $189.5 billion.