In a recent declaration, Tether CEO Paolo Ardoino emphasized that Bitcoin and Gold will outlast any other currency, a belief that echoes throughout the decentralized finance ecosystem. This sentiment reflects Tether’s strategic approach over the last few years, as the stablecoin issuer has consistently prioritized these assets in its reserve allocations.
Earlier this year, on May 17, 2023, Tether announced plans to regularly allocate up to 15% of its net realized operating profits to purchasing bitcoin as a reserve asset. This move is intended to reinforce their balance sheet by adding value over the long term. The decision aligns with Tether’s strategy to maintain Bitcoin not as a direct backing for USDT, but as a significant surplus asset within the decentralized finance ecosystem.
The Role of BTC and Gold in the Decentralized Finance Ecosystem
Similarly, gold holds a crucial role beside Bitcoin. Tether offers tether gold (XAUt), which is backed by allocated gold bars. As of June 30, 2025, over 7.66 tons of gold were backing the outstanding tokens. This demonstrates Tether’s ongoing commitment to solidifying its position within the decentralized finance ecosystem by diversifying into gold.
Indeed, Tether has engaged in dialogue regarding investments throughout the gold value chain, from mining to refining, further reinforcing its diversification efforts. Paolo Ardoino frequently groups bitcoin, gold, and even land as hedges, staunchly supporting Bitcoin accumulation without resorting to liquidating Bitcoin for gold, as was recently speculated.
Tether’s latest post does not signify a new policy direction but rather restates the strategic importance of Bitcoin as a surplus asset, alongside gold, with the majority of Tether’s reserves still held in highly liquid instruments like U.S. Treasurys. The forthcoming reserve report will soon reveal any shifts in allocations to these pivotal assets.
Recently, MarketWatch reported a decline of the U.S. dollar index (DXY) by 8.88% year-to-date, while Bitcoin and gold have surged, with BTC-USD rising by 22.79% and XAU-USD by 52.91%. This showcases the strength and reliability of these key assets within the decentralized finance ecosystem.
As industry participants continue to navigate the complex world of digital and tangible assets, the resilient nature of Bitcoin and gold underscores the significant role they play in the decentralized finance ecosystem.
At Bakara Invest, our analysis suggests that the persistent trust in Bitcoin and gold as key assets is reshaping expectations within the decentralized ecosystem.
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