🚨 BREAKING: Tether (USDT) now holds nearly 80 tons of gold—valued at approximately $8 billion—in a private vault in Switzerland. This makes Tether one of the largest private gold holders globally, rivaling major banks like UBS .
🔐 Key Details:
Vault Ownership: Tether owns the vault outright, citing cost savings and enhanced security .
Reserve Composition: As of March 2025, gold and other precious metals comprised nearly 5% of Tether’s reserves .
Gold-Backed Token: Tether also issues XAUT, a token backed 1:1 by physical gold, with approximately 7.7 tons in circulation .
Regulatory Considerations: Upcoming regulations in the U.S. and EU may require stablecoins to be backed solely by cash or short-term government bonds, potentially impacting Tether’s gold holdings .
💬 Community Impact:
Tether’s substantial gold reserves underscore its commitment to asset-backed stability. However, the move has sparked discussions about transparency and regulatory compliance in the evolving stablecoin landscape.
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