TechFlow News, January 28: According to foreign media reports, stablecoin issuer Tether has become one of the world’s largest private holders of physical gold, owning approximately 140 metric tons—valued at roughly $2.4 billion. The stablecoin issuer has been quietly accumulating gold at a rate of 1–2 tons per week, storing it in a decommissioned nuclear fallout shelter in Switzerland. Reports indicate that last year, the company purchased a total of 70 tons of gold—second only to the National Bank of Poland among central banks globally. Paolo Ardoino, Tether’s CEO, stated: “We will soon be among the world’s largest central banks in terms of gold reserves.” He added that Tether has been purchasing gold at a pace of one to two tons per week and intends to “continue doing so over the coming months,” with plans to allocate 10%–15% of its portfolio to physical gold holdings. (Jinshi Data)
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