CEO of Tether, Mr. Paolo Ardoino, stated that Tether is aiming to become one of the world's largest "golden central banks" in the future, especially in the context of the potential weakening of the US dollar's role.



Currently, Tether holds approximately 140 tons of gold, valued at over $23 billion, stored in a secure vault in Switzerland.

Not only does Tether hold gold, but it also wants to directly participate in gold trading activities, similar to major banks like JPMorgan or HSBC. The company has recruited gold trading experts from HSBC to develop this business segment, aiming to earn additional profits from price differences. The gold stablecoin segment (XAUT) currently accounts for more than 50% of the global gold stablecoin market share.#GoldBreaks$5,500
XAUT-0.28%
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