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Tether Plans to Allocate 10–15% of Portfolio to Gold Holdings

Tether Plans to Allocate 10–15% of Portfolio to Gold Holdings

Tether CEO Paolo Ardoino revealed the firm already holds 140 tons of gold worth $23 billion and is adding 1–2 tons weekly to diversify reserves.

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Summary

Tether CEO Paolo Ardoino announced plans to allocate 10–15% of the company’s investment portfolio to gold, highlighting an ongoing diversification strategy for the stablecoin issuer’s reserves. Tether currently holds about 140 tons of physical gold valued at $23 billion, secured in a former Swiss nuclear bunker. The company is purchasing 1–2 tons of gold each week to steadily expand its holdings.

Terms & Concepts
  • Stablecoin: A cryptocurrency designed to maintain a stable value by pegging it to a reserve asset such as fiat currency or commodities.
  • Portfolio Allocation: The distribution of investments across various asset classes to balance risk and return.
  • Gold Reserves: Physical or paper-based gold holdings used by institutions to diversify investments and hedge against market volatility.