⚡Stablecoin issuers have also become half a Central Bank——
According to official data estimates, Tether, the issuer of the world's largest stablecoin USDT, holds 116 tons of gold, valued at approximately 14 billion US dollars:
Tether's current holdings are comparable to the official reserves of countries such as South Korea, Hungary, or Greece, making it the largest single holder of gold outside of major Central Banks.
In just the third quarter, Tether purchased approximately 26 tons of gold, accounting for 2% of the total global demand for gold during that period, which is equivalent to 12% of the known Central Bank purchases.
So, why did Tether increase the gold reserve ratio of USDT after the bill was passed?
Can someone explain this issue!
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⚡Stablecoin issuers have also become half a Central Bank——
According to official data estimates, Tether, the issuer of the world's largest stablecoin USDT, holds 116 tons of gold, valued at approximately 14 billion US dollars:
Tether's current holdings are comparable to the official reserves of countries such as South Korea, Hungary, or Greece, making it the largest single holder of gold outside of major Central Banks.
In just the third quarter, Tether purchased approximately 26 tons of gold, accounting for 2% of the total global demand for gold during that period, which is equivalent to 12% of the known Central Bank purchases.
So, why did Tether increase the gold reserve ratio of USDT after the bill was passed?
Can someone explain this issue!