Tether Reveals $8 Billion Gold Reserves to Hedge Fiat Risks, Says CEO

Stablecoin giant Tether has quietly built an $8 billion gold vault in Switzerland as part of a bold strategy to diversify its reserves and cut long-term custody costs, according to CEO Paolo Ardoino in an interview with Bloomberg. The massive stash, amounting to roughly 80 tons of gold, is stored in what Ardoino calls “the […]