Tether’s Gold Buying Rivals Central Banks as Tokenized Assets Gain Traction

Tether has quietly become one of the world’s largest private holders of physical gold. The issuer of the world’s biggest stablecoin is buying bullion at a pace that now rivals national governments. Executives say the strategy is driven by rising concerns over monetary stability and declining confidence in paper-based assets. The expanding gold reserves also reinforce the backing of Tether’s gold-linked products.

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