Tether

🚨 Tether now holds $8 BILLION worth of GOLD 🪙➡️🏦
💥 80 tons stored in a secret Swiss vault

🤔 But it’s only 5% of USDT reserves…

🕵️‍♂️ STILL no independent audit

👀 Crypto community is NOT buying it
Is this a smart move or a golden distraction? 🧐

#Tether #USDT #CryptoNews #Gold

Tether, best known as the issuer of the world’s largest stablecoin (USDT), is now setting its sights on something much bigger — becoming the largest Bitcoin miner on the planet. Yes, you read that right.

🔄 From Stablecoins to Mining Power
In a recent Bankless podcast, CEO Paolo Ardoino revealed that Tether plans to pour billions of dollars into expanding its Bitcoin mining operations. But it’s not just about profits — the main goal is to safeguard the decentralization of Bitcoin, which underpins the value of USDT.
“We want to protect the network that supports our reserves,” Ardoino said. “Realistically, Tether will become the world’s largest Bitcoin miner by the end of this year.”
Sounds bold? It is. But Tether already holds over $10 billion in Bitcoin and operates more than 15 mining facilities. Thanks to partnerships with governments in El Salvador, Paraguay, and Uruguay, they have a strong head start.

⚖️ Meanwhile in the U.S.: New Law Pressures Stablecoin Issuers
Behind the scenes, another battle is playing out — regulation. The newly passed GENIUS Act in the U.S. Senate imposes strict requirements on stablecoin issuers: full reserve backing, AML/KYC compliance, and transparency. If Tether wants to stay in the U.S. market, it has 18 to 36 months to comply.
Tether’s response? Ardoino confirmed the company is working on a new onshore stablecoin specifically for the U.S. market, fully compliant with the new law.
He also pointed out that Tether has long cooperated with over 250 law enforcement and regulatory agencies worldwide, including the U.S. Department of Justice, and has helped freeze millions in illicit funds.

🧭 What’s Next?
Tether now faces several options:
🔹 Update USDT to meet U.S. regulations.

🔹 Launch a new, regulated stablecoin for the U.S. market.

🔹 Or exit the U.S. entirely and focus on global markets.
What’s clear is that Tether is no longer just a stablecoin issuer. It's going big — and if all goes according to plan, it may soon become the biggest Bitcoin miner in the world.

#Tether , #USDT , #bitcoin , #CryptoMining , #CryptoNews

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Stablecoin giant Tether has quietly built an $8 billion gold vault in Switzerland as part of a bold strategy to diversify its reserves and cut long-term custody costs, according to CEO Paolo Ardoino in an interview with Bloomberg.
The massive stash, amounting to roughly 80 tons of gold, is stored in what Ardoino calls “the most secure vault in the world.” While exact coordinates remain undisclosed for security reasons, the move marks a significant pivot away from Tether’s traditional reliance on fiat-backed assets.
“We have our own vault. I believe it’s the most secure vault in the world,” Ardoino told Bloomberg, highlighting that directly owning physical gold allows Tether to bypass hefty storage fees charged by third-party vault operators.
Gold: A Buffer Against Fiat Turbulence
Tether’s March attestation shows that precious metals now make up 5% of the company’s $112 billion reserves. Its flagship stablecoin USDT recently hit a market cap of $159 billion, commanding over 62% of the entire stablecoin market worth $255 billion.
Ardoino argues that gold offers a vital safe-haven hedge amid growing concerns about rising US debt and potential regulatory headwinds for fiat-based reserves.
“Eventually, if people start to get concerned about the potential increase of the debt of the US, they might look at alternatives,” he explained, pointing to gold’s historical status as a store of value when fiat currencies weaken.
This shift mirrors broader trends, with central banks worldwide, especially in BRICS nations, ramping up gold purchases to shore up reserves. A recent J.P. Morgan report notes renewed investor interest in gold ETFs, while prices continue to climb.
Cost-Cutting and Long-Term Strategy
Tether’s gold push is not entirely new. The firm launched Tether Gold (XAUT), a tokenized gold product, which has quietly gained adoption alongside USDT. However, Ardoino says the real savings come from moving custody in-house.
“If Tether Gold were to grow to $100 billion in circulation, it’s a lot of money to pay 50 basis points,” Ardoino said, referencing the costly fees charged by external custodians.“If you have your own vault, eventually with the size, it gets much cheaper to do custody.”
Tether’s strategy mirrors traditional financial institutions like UBS Group, whose gold and commodity exposure matches Tether’s new precious metals holdings.
The latest revelation adds a fresh dimension to Tether’s positioning in an industry long scrutinized for reserve transparency. With gold now in the mix, the company aims to reassure investors that its stablecoins remain resilient even in times of fiat volatility.
The post appeared first on CryptosNewss.com

#Tether #TetherUSD $USDT