PANews, July 9 - According to Bloomberg, Tether Holdings SA, the world's largest issuer of stablecoins, has its own vault in Switzerland containing $8 billion worth of gold and is looking to expand its gold reserves. The company states 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 gold holders in the world, aside from banks and nations. CEO Paolo Ardoino said, '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 declined to disclose its exact location and date of establishment.