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Tether Amasses Massive 80-Ton Gold Reserve Worth $8B in Switzerland

  • Tether's gold-backed stablecoin XAUT, supported by 7.7 metric tons of gold valued at around $819 million, is part of Tether's product suite alongside its significant $8 billion gold reserve.
  • Tether has disclosed a near 80 metric tons gold reserve in a Swiss location managed by the company, breaking away from the typical reliance on third-party custodians for asset storage.
  • Despite facing potential challenges from regulatory frameworks in the U.S. and EU against precious metal-backed stablecoins, XAUT remains an exempt entity and a growing part of Tether's offerings.
  • The significant gold reserves controlled by Tether position it among major financial institutions and some national treasuries, emphasizing the industry's hedging trend amidst rising gold prices.

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