Tether Bolsters Reserves with $8B Gold Transfer to Private Swiss Vault

Tether has escalated its reserve strategy by relocating 80 tons of gold—worth approximately $8 billion—to a proprietary vault in Switzerland. The MOVE underscores the stablecoin issuer's push for asset diversification and operational transparency. CEO Paolo Ardoino touts the facility as "the most secure in the world," signaling a departure from third-party custodians.

The shift eliminates costly custody fees that would scale prohibitively with growth—a 50 basis point charge on $100 billion in Tether Gold (XAUT) circulation could represent half a billion dollars annually. Direct control over physical holdings reinforces confidence in both XAUT and the flagship USDT stablecoin, now visibly backed by tangible assets.

This follows Tether's March disclosure of 7.7 tons in Gold reserves. The tenfold expansion to 80 tons demonstrates aggressive accumulation of hard assets, aligning with crypto's broader trend toward verifiable collateralization.