Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
The Country Where Tether (USDT) Is Keeping Tons of Its Gold Has Been Revealed – Here Are the Details

The Country Where Tether (USDT) Is Keeping Tons of Its Gold Has Been Revealed – Here Are the Details

CryptoNewsNetCryptoNewsNet2025/07/08 19:15
By:en.bitcoinsistemi.com

Tether Holdings SA, the issuer of the world's largest stablecoin USDT, is stockpiling around 80 tons of gold (worth $8 billion) in a secret vault in Switzerland.

According to the information provided by the company's CEO, Paolo Ardoino, this vault belongs entirely to Tether and is described as “the most secure vault in the world.” However, for security reasons, the exact location of the vault and when it was established were not disclosed.

Tether, a cryptocurrency company based in El Salvador, generates income by investing the dollars it collects in return for issuing USDT tokens. These investments include assets such as US Treasury bonds as well as precious metals. According to the company’s latest report published in March, precious metals make up about 5% of its reserves.

Tether’s gold reserves are almost as large as the precious metal held by some major banks, such as Switzerland-based UBS Group AG, making it one of the largest holders of gold outside of a bank or government.

But the rapid growth of stablecoins continues to be a concern for regulators and law enforcement. Tether has previously been criticized for the adequacy of its reserves. Rules enacted last year in the European Union and proposed regulations in the U.S. require stablecoins to be backed only by “cash-like” assets such as cash or short-term government bonds. If such regulations are enacted, Tether could be required to divest the gold it holds to back USDT.

In addition to USDT, Tether also issues a gold-backed token, XAUT. Each XAUT token is backed one-to-one by one ounce of gold physically stored in Switzerland. The company has issued approximately $819 million worth of XAUT tokens to date, equivalent to 7.7 tons of gold. However, this figure is dwarfed by the 950 tons of gold held by major exchange-traded funds (ETFs).

CEO Ardoino said, “Gold should be a safer asset than any national currency,” adding that the rising US debt level could drive investors to alternative assets. He also drew attention to the aggressive gold purchases of central banks in BRICS countries.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!