Massively buying gold surpassing central banks, the golden empire of the stablecoin king [Plain Language Guide] Tether, a cryptocurrency company with only 150 employees, holds 140 tons of gold (worth $24 billion), stored in an Alpine Swiss bunker, exceeding the reserves of many national central banks. Its "money printing" model: users deposit USD to exchange for USDT, invest the zero-cost funds in US Treasuries, with an annual profit of $15 billion. Gold is divided into two parts: 16 tons backed by XAUT, and 124 tons as its own "ballast." This move enhances solvency but highlights liquidity risks. Tether is transforming into a "digital central bank," integrating gold and US Treasuries to challenge traditional financial order. For more details, see: