BITWU.ETH 🔆|Nov 28, 2025 02:28
⚡Stablecoin issuers are basically half a central bank now—
According to official data, Tether, the issuer of the world's largest stablecoin USDT, holds 116 tons of gold, valued at approximately $14 billion:
Tether's current holdings are comparable to the official reserves of countries like South Korea, Hungary, or Greece, making it the largest single gold holder outside of major central banks.
In just the third quarter, Tether purchased about 26 tons of gold, accounting for 2% of global gold demand during that period, equivalent to 12% of the known gold purchases by central banks.
So, why did Tether increase the proportion of USDT backed by gold after the legislation passed?
Can someone explain this?
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