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

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MarsBit
07-08
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Mars Finance News: Tether Holdings SA owns a vault in Switzerland storing gold worth $8 billion and is focusing on expanding its gold reserves. The cryptocurrency company headquartered in El Salvador stated that it currently holds nearly 80 tons of gold, with the vast majority directly owned by Tether, making it one of the largest gold holders globally, excluding banks and nations. Tether CEO Paolo Ardoino said: "We have our own vault. I believe it is the most secure vault in the world." The facility is located in Switzerland, but for security reasons, the company refused to disclose its exact location and establishment time. (Zhitong Finance)

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