The stablecoin issuer Tether Holdings SA has its own vault in Switzerland, storing $8 billion worth of gold, and is looking to expand its gold reserves. The cryptocurrency company, headquartered in El Salvador, stated that it currently holds nearly 80 tons of gold, the vast majority of which is held directly by Tether, making it one of the largest holders of gold in the world, aside from banks and nations. Tether CEO Paolo Ardoino stated, 'We have our own vault. I believe it is the safest vault in the world.' The facility is located in Switzerland, but for security reasons, the company refuses to disclose its exact location and establishment date. (Bloomberg)