#MyStrategyEvolution Tether, the leading issuer of USDT, has just integrated 80 tons of gold into a single vault in Switzerland, equivalent to 8 billion USD. This is part of the company's strategy to acquire more gold as the value of this metal continues to rise. However, the amount of gold only accounts for less than 5% of USDT reserves and has not been audited. Tether launched a gold token two years ago and is currently one of the largest gold holders in the world.
CEO Paolo Ardoinio claims that Tether's gold vault is the safest, but the company has yet to conduct an asset audit. This raises questions about transparency, as Tether has issued over 159 billion USD worth of USDT tokens while having only 8 billion USD in gold. The remaining reserves are mainly in US Treasury bonds amounting to 98 billion USD. The new gold vault is a significant milestone, but it does not completely address the doubts regarding USDT reserves.
