Tether, a stablecoin giant, has built a treasury in Switzerland and hoarded 80 tons of gold

According to Caixin, a recent news in the cryptocurrency industry has attracted widespread attention in global financial markets. According to reports, Tether Holdings SA, the world's largest stablecoin issuer, has stored approximately 80 tons of gold worth around $8 billion in its own vault located in Switzerland. Tether confirmed in a statement this week that it holds approximately 80 tons of gold, most of which it directly owns.