Market News: Tether holds $8 billion worth of gold in a secret Swiss vault

Odaily Planet Daily News: Tether Holdings SA has its own vault in Switzerland, storing $8 billion worth of gold and is looking to expand its gold reserves. This cryptocurrency company based in El Salvador stated that it currently holds nearly 80 tons of gold, the vast majority of which is directly held by Tether, making it one of the world's largest gold holders after banks and countries. Tether CEO Paolo Ardoino said, "We have our own vault. I believe this is the safest vault in the world." The facility is located in Switzerland, but for security reasons, the company refused to disclose its specific location and establishment time. (Zhitong Finance)