Tether Reportedly Holding $8B in Gold in Secret Swiss Vault
2025-07-09 19:21:47
Main Idea
Tether Holdings SA, the issuer of USDT, has stored $8 billion worth of gold in Switzerland, which may conflict with proposed regulatory frameworks like the GENIUS Act.
Key Points
1. Tether Holdings SA owns an $8 billion gold stash stored in a highly secure vault in Switzerland.
2. Approximately 5% of USDT's reserves consist of precious metals, primarily gold, while the majority is backed by U.S. Treasuries.
3. Tether's gold holdings may conflict with proposed U.S. regulations, such as the GENIUS Act, potentially forcing divestment or exclusion from regulated markets.
4. CEO Paulo Ardoino argues that gold is a safer asset than national currencies, justifying the company's strategy.
5. The stablecoin market has surpassed $250 billion, with USDT dominating at over 62% of the total market share.
Description
Tether Holdings SA, the issuer of the $159 billion USDT stablecoin, has secretly constructed and now operates its own high-security vault in Switzerland to store a massive $8 billion worth of gold. This revelation, reported by Bloomberg, positions Tether among the largest non-bank and non-state gold holders, with nearly 80 metric tons of the precious metal. Tether’s Fort Knox Tether CEO Paulo Ardoino confirmed the existence of the company-owned facility, telling Bloomberg it is “the most secure ...
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