Tether Expands Gold Reserves, Plans to Trade Bullion and Rival Top Banks

• Tether’s gold holdings grow, aiming to rival global financial giants.
• CEO Ardoino reveals plans to actively trade Tether’s gold reserves.
• Tether’s strategy expands to bullion market, challenging major banking players.

Tether, the company behind the USDT stablecoin, is significantly increasing its presence in the global gold market. According to CEO Paolo Ardoino, the company is not only bolstering its gold reserves but also actively preparing to trade bullion. This strategy aims to position Tether as one of the world’s largest gold central banks, taking on major financial institutions.

Currently, Tether holds around 140 tons of gold, making it one of the largest private holders globally. The company plans to purchase one to two tons of gold every week and intends to continue this pace for several months. Tether’s reserves are stored securely in a Cold War-era nuclear bunker in Switzerland, further protecting the assets. As the price of gold continues to rise, Tether’s gold reserves are valued at over $23 billion, reinforcing the company’s long-term commitment to precious metals.

Also Read: Bitcoin Soars to $89K, XRP and Solana Make Major Gains – Find Out What’s Next!

Tether’s Strategic Move into the Gold Trading Market

Tether is looking beyond gold acquisition and plans to actively trade its bullion reserves, competing directly with financial giants like JPMorgan and HSBC. Paolo Ardoino emphasized that the company will leverage its vast gold holdings to take advantage of market fluctuations and arbitrage opportunities. To guide its move into gold trading, Tether has recruited two senior traders from HSBC, known for their expertise in the precious metals market. This move signals Tether’s intent to operate as a significant player in the global gold trading market.

Additionally, Tether is expanding its portfolio to diversify its investments. The company has purchased stakes in Canadian-listed firms such as Elemental Altus Royalties and Gold Royalty Corp., capitalizing on the current precious metals rally. By doing so, Tether aims to further solidify its financial foundation while benefiting from the broader growth in the precious metals sector.

A Shift Towards Gold in the Global Financial Landscape

Tether’s growing focus on gold reflects a broader trend, as many countries are exploring alternatives to the U.S. dollar amid increasing geopolitical tensions. Ardoino has expressed confidence that gold remains a reliable, safer asset compared to national currencies, particularly in times of global instability. As Tether continues to expand its gold holdings and trading activities, it could play a significant role in reshaping the global financial landscape, providing an alternative to traditional banking systems and currency-backed assets.

In conclusion, Tether’s strategic push into the gold market signals its ambition to become a major financial force. Through aggressive gold acquisitions and the expansion into bullion trading, Tether is positioning itself to rival traditional financial institutions and reshape how precious metals are traded in the modern financial system.

Also Read: Solana’s 2026 Price Path Exposed as 21Shares Weighs Bull and Bear Scenarios

The post Tether Expands Gold Reserves, Plans to Trade Bullion and Rival Top Banks appeared first on 36Crypto.