Tether Holdings has emerged as one of the world’s largest private gold holders, with CEO Paolo Ardoino announcing further ambitions to allocate to gold over Bitcoin (CRYPTO: BTC).

Tether’s Bold Bet: Gold Over Bitcoin

Tether, issuer of the $186 billion stablecoin USDT (CRYPTO: USDT), has accumulated roughly 140 tons of gold — valued at about $24 billion — in a high-security former nuclear bunker in Switzerland.

Over the past year alone, Tether bought more than 70 tons of gold, rivaling major central banks and ETFs, and is currently acquiring one to two tons per week.

The purchases are funded by USDT profits, with gold serving both as reserves and as backing for Tether’s gold-backed…

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