Tether dey store $8B gold for Swiss vault to boost USDT backing
Tether don bundle up 80 metric tons of gold wey worth about $8 billion inside one private Swiss vault so dem fit reduce custody fees and make their USDT stablecoin reserves strong. CEO Paolo Ardoino yan say di in-house facility na “di most secure for di world” and e dey expect say storage costs go reduce as Tether Gold (XAUT) token dey grow. Since March, Tether gold holdings don rise from 7.7 tons to 80 tons, wey now represent less than 5% of USDT $160 billion market cap. Di company still hold about $100 billion in U.S. Treasury bonds plus cash equivalents. Dis move dey diversify Tether collateral, e follow central bank bullion strategies and e respond to di high demand wey institutions get for safe-haven assets. Proposed U.S. stablecoin regulations like di GENIUS Act fit make dem sell non-cash assets like gold or block market access for non-compliant issuers. With stablecoin sector total supply of $255.3 billion—USDT get over 62% and USDC around 24%—Tether gold strategy show how dem dey push for asset diversification as regulatory and geopolitical wahala dey increase.
Neutral
Tether comot move go one private Swiss vault make e strong USDT reserve diversification plus e reduce custody fees, e help operations stability well well. For short term, di gold wey dem put—wey no reach 5% of USDT reserves—no too get big impact for market confidence or trading volume. For long term, if dem hold gold inside house and avoid external fees, e fit improve cost efficiency plus issuer credibility, wey go support USDT peg stability. Even though law dem wey USA wan bring wey dey target non-cash assets fit cause wahala, Tether diversified collateral strategy go likely keep market confidence steady without price scatter.