Tether Aims to Become a Gold Central Bank as Reserves Surge
Tether, the dominant stablecoin issuer, is aggressively expanding its gold reserves with ambitions to rival traditional central banks. CEO Paolo Ardoino revealed the company now holds 140 tons of bullion—worth $23 billion—stored in a Swiss nuclear bunker, with weekly purchases of 1-2 tons accelerating its accumulation.
The firm plans to actively trade its growing hoard, entering physical bullion markets while acquiring stakes in gold mining companies. "We believe the world is moving toward darkness," Ardoino stated, citing geopolitical tensions and currency instability as drivers for hard asset accumulation.
This strategic pivot positions Tether among the largest private gold holders globally, leveraging its crypto liquidity to establish a new paradigm of commodity-backed monetary influence.
