TechFlow news, on November 11, Tether, the issuer of the world's largest stablecoin, is hiring two of the world's most senior precious metals traders from HSBC Holdings. The stablecoin giant is leveraging its strong financial position to build a massive gold reserve and challenge existing players in the silver and gold markets. According to people familiar with the matter, Vincent Domien, HSBC's global head of metals trading, will join the cryptocurrency company in the coming months, along with Mathew O’Neill, HSBC’s head of precious metals issuance for Europe, the Middle East, and Africa. In recent years, Tether has actively expanded its presence in the precious metals sector, accumulating one of the world's largest gold reserves outside of banks and nations as part of its more than $180 billion in reserve assets. HSBC is a major force in the precious metals industry, widely regarded as the second-largest player after JPMorgan Chase, with operations spanning futures trading, vault custody, and global transportation of gold bars. (Golden Ten)
Risk Disclosure: This website's content is not investment advice and offers no trading guidance or related services. Per regulations from the PBOC and other authorities, users must be aware of virtual currency risks. Contact us / support@techflowpost.com ICP License: 琼ICP备2022009338号
