Tether’s Gold Reserves Hit $23B, Becomes Largest Private Gold Holder Outside Governments

Leading stablecoin issuer Tether has accumulated more than 140 tons of physical gold worth about $23 billion. The issuer of the USDT stablecoin stores the reserves in one of the 370,000 former nuclear bunkers in Switzerland.  Interestingly, the holdings make Tether the largest known gold holder among private institutions. The holdings, per Bloomberg, also exceed […] Read The Full Article Tether’s Gold Reserves Hit $23B, Becomes Largest Private Gold Holder Outside Governments On Coin Edition.