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#Stablecoins. Good for US Treasuries and for Gold? #Tether now holds 80 tons of gold worth $80B $UST https://t.co/u22c0yUORF
ICYMI: Tether's $8B Gold Stash is Real—and it's in a Secret Swiss Vault🇨🇭 Bloomberg reports that @Tether_to now holds nearly 80 tons of gold, stored in what @PaoloArdoino calls "the most secure vault in the world" That makes them one of the largest non-sovereign gold holders https://t.co/MDMuI3QntJ
AUDIT THIS: Crypto Firm Tether Holds $8 Billion Pile of Gold in a Secret Swiss Vault (declines to name location, facility, or bank/firm) https://t.co/WsPYbdtP8b
Tether, the company behind the world's largest stablecoin, holds nearly 80 tons of gold valued at approximately $8 billion in a secret vault located in Switzerland. This gold stockpile positions Tether among the largest private holders of gold outside of banks and nation-states. The vault, reportedly built and operated by Tether itself, is described as highly secure and is part of the company's strategy to lower custody costs and diversify its reserves. As of March, precious metals accounted for nearly 5% of Tether's reserves. The exact location and details of the vault remain undisclosed.
