Stable-coin issuer Tether Holdings Ltd. said it has amassed almost 80 metric tons of gold—worth about $8 billion—in a vault it built and operates in Switzerland.
Stable-coin issuer Tether Holdings Ltd. said it has amassed almost 80 metric tons of gold—worth about $8 billion—in a vault it built and operates in Switzerland. The El Salvador-based company disclosed that the precious-metal hoard is intended to reduce custody fees and diversify the assets backing its USDT stable coin.
Tether added that gold represented nearly 5% of its reserve assets as of March 2025, placing the firm among the world’s largest private holders of the metal outside of banks and sovereign central banks. The company’s remaining reserves are primarily held in U.S. Treasuries, reverse-repo agreements and other cash-equivalent instruments.
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