CoinInsight360.com logo CoinInsight360.com logo
America's Social Casino

BitcoinSistemi 2025-07-08 18:29:09

The Country Where Tether (USDT) Is Keeping Tons of Its Gold Has Been Revealed – Here Are the Details

Tether Holdings SA, the issuer of the world's largest stablecoin USDT, is stockpiling around 80 tons of gold (worth $8 billion) in a secret vault in Switzerland. According to the information provided by the company's CEO, Paolo Ardoino, this vault belongs entirely to Tether and is described as “the most secure vault in the world.” However, for security reasons, the exact location of the vault and when it was established were not disclosed. Tether, a cryptocurrency company based in El Salvador, generates income by investing the dollars it collects in return for issuing USDT tokens. These investments include assets such as US Treasury bonds as well as precious metals. According to the company’s latest report published in March, precious metals make up about 5% of its reserves. Tether’s gold reserves are almost as large as the precious metal held by some major banks, such as Switzerland-based UBS Group AG, making it one of the largest holders of gold outside of a bank or government. But the rapid growth of stablecoins continues to be a concern for regulators and law enforcement. Tether has previously been criticized for the adequacy of its reserves. Rules enacted last year in the European Union and proposed regulations in the U.S. require stablecoins to be backed only by “cash-like” assets such as cash or short-term government bonds. If such regulations are enacted, Tether could be required to divest the gold it holds to back USDT. Related News: BREAKING: Elon Musk Does It Again - Surprise Altcoin Price Soars In addition to USDT, Tether also issues a gold-backed token, XAUT. Each XAUT token is backed one-to-one by one ounce of gold physically stored in Switzerland. The company has issued approximately $819 million worth of XAUT tokens to date, equivalent to 7.7 tons of gold. However, this figure is dwarfed by the 950 tons of gold held by major exchange-traded funds (ETFs). CEO Ardoino said, “Gold should be a safer asset than any national currency,” adding that the rising US debt level could drive investors to alternative assets. He also drew attention to the aggressive gold purchases of central banks in BRICS countries. *This is not investment advice. Continue Reading: The Country Where Tether (USDT) Is Keeping Tons of Its Gold Has Been Revealed – Here Are the Details

면책 조항 읽기 : 본 웹 사이트, 하이퍼 링크 사이트, 관련 응용 프로그램, 포럼, 블로그, 소셜 미디어 계정 및 기타 플랫폼 (이하 "사이트")에 제공된 모든 콘텐츠는 제 3 자 출처에서 구입 한 일반적인 정보 용입니다. 우리는 정확성과 업데이트 성을 포함하여 우리의 콘텐츠와 관련하여 어떠한 종류의 보증도하지 않습니다. 우리가 제공하는 컨텐츠의 어떤 부분도 금융 조언, 법률 자문 또는 기타 용도에 대한 귀하의 특정 신뢰를위한 다른 형태의 조언을 구성하지 않습니다. 당사 콘텐츠의 사용 또는 의존은 전적으로 귀하의 책임과 재량에 달려 있습니다. 당신은 그들에게 의존하기 전에 우리 자신의 연구를 수행하고, 검토하고, 분석하고, 검증해야합니다. 거래는 큰 손실로 이어질 수있는 매우 위험한 활동이므로 결정을 내리기 전에 재무 고문에게 문의하십시오. 본 사이트의 어떠한 콘텐츠도 모집 또는 제공을 목적으로하지 않습니다.