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Tether Stashes $8 Billion In Swiss Gold Vault – Here’s Why

  • Tether, the company behind the USDT stablecoin, has moved roughly 80 tons of gold—worth about $8 billion—into its own vault in Switzerland, stating it to be the most secure in the world.
  • The move aims to reduce high fees charged by outside operators for gold custody, potentially saving significant costs in the long run.
  • Tether's gold reserves now stand at 80 tons, alongside other holdings like US Treasury bonds, with gold representing under 5% of the total backing for USDT.
  • This move aligns with broader trends of central banks and investors increasing gold reserves, and positions Tether in line with major banks in terms of precious metals exposure.

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