Tether has significantly increased its gold reserves, acquiring 26 tonnes in the last quarter, surpassing the purchases of any other financial institution or central bank globally. This strategic move highlights Tether's growing interest in diversifying its asset holdings beyond digital currencies.
The acquisition positions Tether as a major player in the bullion market, reflecting a broader trend among crypto firms to secure tangible assets. This development comes amid ongoing discussions about the stability and backing of digital currencies, with Tether's gold holdings now playing a crucial role in its asset portfolio.
Tether Acquires 26 Tonnes of Gold, Outpacing Global Institutions
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