Tether’s 116-Ton Gold Hoard Rivals Reserves of Korea and Hungary: Jefferies
6 Articles
6 Articles
Tether bought more gold last quarter than every central bank \ stacker news ~charts_and_numbers
It's not news that Tether likes gold. The world’s largest stablecoin issuer has spent more than $300mn this year buying stakes in precious metals producers, CEO Paolo Ardoino having talked about “natural bitcoin” as a way to diversify reserves. Tether also issues the XAUt token, launched in 2020, which is advertised as being backed by bullion held in a Swiss vault. [...] So what’s the plan? Jefferies’ team thinks Tether is betting on tokenised p…
Stablecoin Giant Tether Becomes Top Global Gold Buyer, Outpacing Central Banks
A major transformation is unfolding in global commodity markets as Tether, the issuer of the world’s largest stablecoin USDT, has quietly emerged as one of the biggest gold buyers worldwide, surpassing several central banks in total accumulation. According to a chart circulating this week, Tether has purchased 26 tonnes of gold, placing it ahead of […]
Tether Becomes One of the World’s Largest Gold Buyers News ETHNews
A surprising shift is unfolding in global gold markets: Tether is now buying more gold than most central banks. A chart circulating this week highlights how aggressively the company is accumulating the metal, revealing that its purchases outpace those of major sovereign buyers such as Kazakhstan, Brazil, and Turkey. The chart shows Tether acquiring 26 tonnes of gold, more than any country in the comparison set. Kazakhstan follows with 18 tonnes,…
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