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- Tether’s gold reserves grow, preparing for active bullion trading.
- CEO Ardoino reveals Tether’s strategy to challenge financial giants.
- Tether diversifies investments in precious metals for long-term growth.
Tether, the company behind the USDT stablecoin, is intensifying its presence in the gold market. As CEO Paolo Ardoino says, the company is not just accumulating more gold reserves but is also preparing to actively trade bullion. Tether plans to be among the largest gold reserves worldwide, making it on par with other major financial institutions.
At present, Tether holds approximately 140 tons of gold, making it among the largest private holders of gold worldwide. The company will continue buying 1 to 2 tons of gold per week, a pace it will maintain for several months. This continued acquisition will also give Tether a better position in the precious metals industry.
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To make it even more secure, Tether’s gold reserves are stored in a nuclear bunker built in Switzerland during the Cold War, ensuring their safety. As the price of gold keeps rising, Tether’s gold reserves have been valued at more than 23 billion, indicating the long-term investment the company has made in gold.
Tether Eyes Active Bullion Trading and Market Influence
Tether does not just want to acquire gold; the company intends to actively trade its gold reserves, competing with financial giants such as JPMorgan and HSBC. Ardoino underlined that Tether will use its vast gold reserves to capitalize on market swings and arbitrage opportunities.
To support this change in strategy, Tether has recruited two senior traders with extensive experience in the precious metals market, both of whom have joined HSBC. The step indicates that Tether aims to dominate the gold trading industry and transform the way bullion is traded internationally.
Tether is diversifying its investments as well. In part, the company has invested in shares of Canadian companies, including Elemental Altus Royalties and Gold Royalty Corp., where the precious metals rush is still in play. These investments will also strengthen Tether’s financial position by expanding its presence in the broader gold and precious metals markets.
Tether’s Growing Role in the Shifting Global Financial Landscape
With rising geopolitical tensions, Tether’s move towards gold reflects a broader global trend. Ardoino has been optimistic that gold can be a better store of value than national currencies, particularly in times of instability. As its gold reserves continue to grow and it embarks on bullion trading, Tether is poised to redefine finance and offer an alternative to traditional banking and currency systems.
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