Tether Quietly Becomes One of the Biggest Global Gold Market Players, Holds 140 Tons of Gold#Crypto giant Tether Holdings has been shaking up the rising gold market with massive metal hoarding over the past year. The stablecoin issuer now holds around 140 tons of gold, according to CEO Paolo Ardoino. In an interview with Bloomberg, Ardoino said Tether aims to continue to cultivate its massive profits from holding, competing with banks in bullion trading. “We are soon becoming basically one of the biggest, let’s say, gold central banks in the world,” he noted. Tether’s Rapid Gold Purchases in Past YearThe #crypto firm bought more than 70 tons of gold over the course of last year for its [.]#crypto
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Tether Quietly Becomes One of the Biggest Global Gold Market Players, Holds 140 Tons of Gold#Crypto giant Tether Holdings has been shaking up the rising gold market with massive metal hoarding over the past year. The stablecoin issuer now holds around 140 tons of gold, according to CEO Paolo Ardoino. In an interview with Bloomberg, Ardoino said Tether aims to continue to cultivate its massive profits from holding, competing with banks in bullion trading. “We are soon becoming basically one of the biggest, let’s say, gold central banks in the world,” he noted. Tether’s Rapid Gold Purchases in Past YearThe #crypto firm bought more than 70 tons of gold over the course of last year for its [.]#crypto