Tether Holdings has significantly increased its gold reserves to approximately 140 tons, valued at $23 billion, surpassing many countries and major ETFs. CEO Paolo Ardoino revealed that the company buys over a ton of gold weekly and stores it securely in a Swiss nuclear bunker. Tether’s gold-backed stablecoin XAUT has seen notable price gains amid this bullion accumulation and plans to continue expanding or adjusting its gold holdings based on market conditions.
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[IMPORTANT] Tether Emerges as Major Global Gold Holder with 140 Tons in Reserves
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