Key Insights
- Stablecoin issuer Tether leads the Gold rush after acquiring 26 tonnes of Gold in Q3.
- The latest crypto news show cryptocurrency firms are competing with central banks to clinch a piece of the Gold market.
- Thomas Lee explained that cryptocurrency firms purchasing Gold will help strengthen Bitcoin’s long-term price outlook.
According to the latest crypto news, cryptocurrency firms are competing with central banks to clinch a piece of the Gold market led by stablecoin issuer Tether which acquired 26 tonnes of Gold in 2026 Q3.
According to Tom Lee, steady gold buying by stablecoin firms is now helping to lift Bitcoin’s long-term floor. As a result, he believes the world’s largest crypto, Bitcoin, could climb to $100,000 before the year runs out.
Crypto News: Tether Outperforms Central Banks in Gold Purchases
The latest crypto news indicates stablecoin issuer Tether is starting to stand shoulder-to-shoulder with major central banks in the gold market.
In the third quarter of 2025, the company bought 26 tonnes of gold, putting it ahead of every official buyer. Kazakhstan followed with 18 tonnes, Brazil with 15, and Turkey with 7.
That kind of buying is no longer a side story. Tether accounted for about 12% of total central-bank demand in Q3 and roughly 2% of global demand.
It also continued the momentum from Q2, when it added 24 tonnes—more than Poland and Kazakhstan, which purchased 19 and 16 tonnes.
Those steady additions have pushed Tether’s holdings to 116 tonnes, its highest level yet. At this point, the company owns more gold than any other non-sovereign entity, placing it in a league typically reserved for states.
With Tether in the Lead, Stablecoin Gold Rush Reshapes Bitcoin Price Outlook
Fresh crypto news data is now backing up what Thomas Lee had predicted months ago. The head of FSInsight said stablecoins have quietly become the world’s biggest buyers of gold.
He pointed out that gold has been rising steadily since early 2026. Even so, he added that this doesn’t spell trouble for Bitcoin.
On the contrary, he explained that it helps strengthen the asset’s long-term price outlook.
His comments were based on research shared by Sam Callahan, which showed that Tether alone bought 26 tonne of gold last quarter—more than any single central bank in the report.
According to Thomas Lee, this shift signals something much bigger than a short-term trend.
He said investors are starting to rethink how they store value, looking beyond traditional assets as digital finance gains traction.
Because of this, he expects Bitcoin’s long-term outlook to improve, especially as digital assets play a bigger role in the global financial system.
Crypto Market Soares As Bitcoin Tops $91K and Gold Breaks $4,190
According to the latest crypto news, the crypto market finally woke up this week. After drifting for a while, major tokens caught a wave of fresh buying, pushing the broader market up more than 6%.
Bitcoin set the pace. It spent some time hovering near $91,000 before breaking higher, a jump traders said came from a quick return in risk appetite.
Gold, meanwhile, stole a bit of the spotlight. It shot past $4,190 and into record territory.
Analysts pointed to a familiar mix of reasons: investors looking for safety, worries about the global outlook, and growing confidence that lower interest rates might not be far off.
Bitcoin’s rebound has now carried it toward the 20-day exponential moving average at $93,256—a level traders flagged as a real test. Traders said the real test now sits near that level.
If Bitcoin can’t hold above it, they expect the BTC/USDT pair to drift back toward the support zone around $84,000 to $80,600.
And if that floor gives way, several analysts warned, the price could slide even further, possibly toward $73,777.
Source: https://www.thecoinrepublic.com/2025/11/29/crypto-firms-central-banks-scramble-for-gold-even-as-tether-acquires-26t/
