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Market News: Tether Holds $8 Billion Worth of Gold in Secret Swiss Vault
Summary: According to reports, Tether Holdings SA has its own vault in Switzerland, holding $8 billion worth of gold and aiming to expand its gold reserves. The cryptocurrency company, based in El Salvador, currently holds nearly 80 tons of gold, with the majority directly owned by Tether, making it one of the largest gold holders globally ...
According to reports, Tether Holdings SA has its own vault in Switzerland, holding $8 billion worth of gold and aiming to expand its gold reserves. The cryptocurrency company, based in El Salvador, currently holds nearly 80 tons of gold, with the majority directly owned by Tether, making it one of the largest gold holders globally outside of banks and countries. Tether CEO Paolo Ardoino stated: 'We have our own vault. I believe it is the safest vault in the world.' The facility is located in Switzerland, but for security reasons, the company refuses to disclose its specific location and establishment date. (Zhixun Finance)
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Link: Market News: Tether Holds $8 Billion Worth of Gold in Secret Swiss Vault [Copy]
