Tether Hires HSBC Veterans to Lead Aggressive Gold Strategy Amid Market Volatility
Tether, the world's largest stablecoin issuer, has strategically recruited two senior executives from HSBC to oversee its expanding gold reserves. Vincent Domien, former global head of metals trading, and Mathew O’Neill, former head of precious metals for EMEA, will spearhead efforts to grow Tether’s $12 billion gold holdings. This MOVE underscores Tether’s ambition to strengthen its foothold in the precious metals market.
The hires signal a calculated push into physical assets as macroeconomic uncertainty persists. Tether’s gold-backed XAUt token stands to benefit from the executives’ decades of experience in metals trading and reserve management. Market observers view this as a defensive play against volatility, with gold serving as a hedge in turbulent times.
