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Stablecoin Imiter Tether has built an empire of gold safes worth around $ 8 billion, stored in a private safe in Switzerland, CEO Paolo Ardoino told Bloomberg in an interview.
USDT issuer directly owns a majority of about 80 tons of gold supplies directly. Rare metals, however, represent only 5% of the portfolio of a reserve of $ 112 billion, for confirmation of the company’s march.
“We have our own safe. I believe it is the safest safe in the world,” Ardoino said, refusing to reveal the place of stay of a Swiss vault for security concerns.
USDT Stablecoin reached $ 159 billion last month claiming 62.43% Out of the entire Stablecoin ecosystem of $ 255 billion.
The company’s gold reserves correspond to the total precious metals and the exhibition of the UBS commodity, the report added.
Tether Gold Reserves Signals to turn from a net exposure to Fiat
In Ardoin’s books, Gold Safe-Haven’s status helps to cope against Fiat or regulatory turbulence. He said that expensive metal is a safer asset than any national currency.
“In the end, I think that if people start to worry about the potential increase in the US debt, they could look at alternatives,” he told Bloomberg.
The recent increase in gold prices is further supported by the purchase of a central bank and the return of investors’ interest in the Gold ETF, According to JP Morgan Report.
“Every individual central bank in BRICS counts gold,” Ardoino added.
Gold reserves could reduce the cost of binding
Tether was generally known for his gold association and triggered a gold -based token, a gold harness that recently showed stable profits.
According to Ardoin, the company’s decision to own its own gold vault is caused by the high costs that the operators of precious metal safes charge.
If Tether’s Golden Token was to grow to $ 100 billion, “it’s a lot of money to pay 50 basis points,” Ardoino said.
“If you have your own safe, eventually with size, it is much cheaper to bind.”
@Tether_to He invested in the analytical company Blockchain Crystal Intelligence to increase efforts against unauthorized use of stablecoin.#Cryptosecurity #Blockchaincompliancehttps://t.co/f1stp5c6fi
– Cryptonews.com (@cryptonews) 8 July 2025
Contribution Tether quietly built gold reserves $ 8b in the Swiss vault to reduce the cost of binding: message He appeared for the first time Cryptonews.
