<ul data-eligibleForWebStory="false"><li>Tether has revealed that it stores $8 billion worth of gold in a secret Swiss vault owned by the company.</li><li>The move was aimed at cutting custody costs and asserting control over Tether's physical reserves, with nearly 5% of its reserves now in precious metals.</li><li>Tether opted for internal storage management to save on fees and compete in a domain typically dominated by central banks, putting its gold position on par with major global banks like UBS.</li><li>However, potential new regulations could impact Tether's gold holdings, prompting the company to issue a separate gold-backed token, XAUT, as part of a long-term strategy to address regulatory concerns.</li></ul>

Tether Reveals $8B in Gold Stored in Secret Swiss Vault

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