Tether Becomes Largest Non-Bank Gold Holder

Tether has emerged as the largest known gold holder outside of banks and nation states, amassing over 140 tons of gold valued at approximately $23 billion. This substantial reserve is stored in a secure Swiss nuclear bunker, according to Bloomberg.

In other developments, Tether has launched USA₮, a US-regulated, dollar-backed stablecoin designed for the American market. This move marks a significant expansion of Tether’s offerings in the stablecoin sector.