Tether Stashes $8 Billion In Swiss Gold Vault – Here’s Why
2025-07-10 03:17:58
Main Idea
Tether has moved approximately 80 tons of gold, worth around $8 billion, into its private vault in Switzerland, reinforcing its reserves for the USDT stablecoin.
Key Points
1. Tether's CEO Paolo Ardoino claims the Swiss vault is 'the most secure in the world' and considers gold a safer asset than national currencies.
2. The company now holds around 80 tons of gold, up from 7.7 tons, as part of its reserves for USDT.
3. Gold constitutes under 5% of Tether's total reserves, which include US Treasury bonds and other assets.
4. Tether's USDT has a market cap nearing $160 billion, accounting for 62% of the $250 billion stablecoin market.
5. The move aligns with broader trends of central banks and investors increasing gold holdings.
Description
Tether, the company behind the USDT stablecoin, has moved roughly 80 tons of gold —about $8 billion worth—into its own vault in Switzerland. According to a report , CEO Paolo Ardoino says this private vault is “the most secure in the world.” He added that gold “should logically be a safer asset than any national currency.” This step follows Tether’s earlier move to hold 7.7 tons of gold, bringing its total to around 80 tons since its March report. Tether’s Swiss Vault Move Tether set up its own ...
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