The Tether logo on a smartphone arranged in the Brooklyn borough of New York, US, on Thursday, Nov. 17, 2022.
The Tether logo on a smartphone arranged in the Brooklyn borough of New York, US, on Thursday, Nov. 17, 2022.Photographer: Gabby Jones/Bloomberg

Crypto stablecoin issuer Tether stashes $8bn in gold in secret Swiss vault

Tether’s $8bn Swiss gold vault reveals bold stablecoin strategy amid rising scrutiny.
Published on

Key topics

  • Tether owns 80 tons of gold, making it a top global non-state holder

  • Gold backs nearly 5% of USDT reserves amid growing regulatory scrutiny

  • Secret vault in Switzerland aims to cut custody costs, boost gold token

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