Did Tether Sell Bitcoin for Gold? Paolo Ardoino Shuts Down the Rumors

Tether is back action, but not for the reasons many expected. Over the past few days, speculation has been swirling that the world’s largest stablecoin issuer sold part of its Bitcoin stash in exchange for gold. The rumor gained traction after analyst Clive Thompson claimed that Tether’s BTC holdings dropped between Q1 and Q2 2025