Tether’s Gold Strategy Positions It as a ’Gold Central Bank’
Tether is aggressively expanding its physical gold reserves, with CEO Paolo Ardoino positioning the stablecoin issuer not as a fintech firm but as a de facto central bank. "We are soon becoming basically one of the biggest, let’s say, gold central banks in the world," Ardoino told Bloomberg. The company is acquiring and storing bullion at a scale typically reserved for banks and sovereign nations, with over a TON of gold transported weekly to a high-security Swiss vault.
Gold’s rally to record highs above $5,200 an ounce underscores the macroeconomic shift toward hard assets. Tether’s strategy reflects this trend, with its USDT stablecoin—boasting $186 billion in circulation—serving as the funding mechanism for its gold accumulation. Ardoino emphasized the dynamic nature of the policy, stating the company will assess gold demand quarterly and adjust holdings accordingly.
