TETHER STOCKS UP ON GOLD – NEARLY $8B STORED IN PRIVATE VAULT 🪙🏦
📦 Gold Strategy Unveiled:
Tether now holds 80 metric tons of gold (~$8B) in a privately-owned Swiss vault to cut long-term custody costs and reinforce reserves.
🔒 Why It Matters:
• 5% of Tether’s reserves now in precious metals
• Bypassing third-party custodians
• CEO Paolo Ardoino: “Gold is safer than any currency”
• Hedge against rising global instability & fiat distrust
💥 Regulatory Pressure Builds:
U.S. & EU may force divestment from gold as stablecoin rules tighten. But Tether doubles down with its XAUT gold-backed token.
This bold move may reshape how stablecoins store value in uncertain times.