According to Bloomberg, Tether announced that it has a self built gold vault in Switzerland, currently storing approximately $8 billion worth of gold. The company stated that the vault is independently built and operated by Tether, and the specific location is not disclosed, with the aim of reducing long-term custody costs and expanding gold asset allocation. Tether CEO Paolo Ardoino stated that gold is more secure than fiat currency, and if stablecoin regulations in Europe and America tighten in the future, Tether may need to adjust its gold holdings structure to meet regulatory requirements. https://www. (wublock123.com)/index.php? m=content&c=index&a=show&catid=6&id=45235