Tether’s Gold Reserves Hit $23B, Becomes Largest Private Gold Holder Outside Governments

Tether holds more than 140 tons of physical gold valued at about $23 billion. The gold is stored in a high-security former nuclear bunker in Switzerland. The holdings make Tether the largest known private gold owner outside banks and nation-states. Leading stablecoin issuer Tether has accumulated more than 140 tons of physical gold worth about $23 billion. The issuer of the USDT stablecoin stores the reserves in one of the 370,000 former nuclear bunkers in Switzerland. Interestingly, the holdings make Tether the largest known gold holder among private institutions. The holdings, per Bloomberg, also exceed the official gold reserves of many smaller countries. The scale of accumulation places Tether in a category traditionally occupied by sovereign states, central banks, and major exchange-traded funds. According to Tether CEO Paolo Ardoino, Tether’s approach t… Read The Full Article Tether’s Gold Reserves Hit $23B, Becomes Largest Private Gold Holder Outside Governments On Coin Edition .