Tether now possesses around 80 metric tons of gold valued at 8 billion USD in a Swiss vault. This gold constitutes approximately 5% of Tether’s overall reserves and matches the values held by UBS.
Regulatory pressures in the EU and US could compel Tether to sell its gold reserves to adhere to stablecoin regulations, as current rules restrict backing assets to cash and short-term bonds.
Tether’s CEO highlights the growing economic instability and distrust in fiat currencies, stating that gold serves as a safer asset. Gold prices have surged 25% this year amid global uncertainties.
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