TechFlow news, July 9 — According to Bloomberg, Tether owns a vault in Switzerland to store $8 billion worth of gold reserves and plans to further increase these holdings. The majority of this gold is reportedly held directly by Tether, making it one of the largest private holders of gold globally, aside from banks and sovereign nations.
Tether CEO Paolo Ardoino said gold offers greater security than fiat currencies, and if future stablecoin regulations in Europe and the U.S. become stricter, Tether may need to adjust its gold holdings structure to meet regulatory requirements.
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