Tether slowed USDT reserve gold purchases in the first quarter, increasing its holdings by about 6 tons in a single quarter.
According to ChainCatcher, a report shows that as of the end of March, USDT reserves included gold valued at 19.8 billion US dollars, which equals approximately 132 metric tons at the market price at that time. This is an increase from 126 tons at the end of December last year, but gold accounts for only 10% of the reserves.
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The US labor market demonstrates resilience, as initial jobless claims for the week ending September 19 fell to 197,000, the lowest level since July and one of the lowest readings since 1969. The four-week average also declined, indicating that high interest rates have yet to trigger large-scale layoffs. However, the market shows a structural feature of "low layoffs but uneven hiring," with job-seeking and job-hopping opportunities still limited.
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