Crypto Weekly: Tether's Gold Investment and Record Crypto Laundering

Tether's Diversification into Gold

• 🪙 Tether plans to allocate 10% to 15% of its investment portfolio to physical gold.
• 💰 The crypto group CEO, Paolo Arduino, stated that Tether holds approximately 130 metric tons of gold to back its products.
• 📈 Tether has been purchasing around two tons of gold weekly, with significant acquisitions made last year to support the Tether USDT stablecoin.

Stablecoins and Banking Sector Impact

• 🏦 An estimate from Standard Chartered suggests that US dollar-backed stablecoins could withdraw around $500 billion in deposits from US banks by the end of 2028.
• ⚖️ This potential shift could escalate legislative battles between traditional banks and crypto companies.
• 🤝 The White House is reportedly planning to convene executives from both the banking and crypto industries to discuss landmark legislation.

Rise in Crypto Money Laundering

• 💸 Researchers indicate that money launderers received at least $82 billion in cryptocurrencies last year, a substantial increase from $10 billion in 2020.
• 🌐 The fastest-growing category identified is Chinese language money laundering networks, which emerged during the pandemic.
• 💰 These networks reportedly processed nearly $40 million worth of crypto per day in 2025.