Tether Consolidates Gold Reserves Worth $8 Billion in Swiss Vault

In an impressive display of growth, USDT issuer Tether consolidated 80 tons of gold into a single Swiss vault, representing around $8 billion. Gold’s value has been on the rise, and the firm is looking to buy more. However, this stockpile still represents less than 5% of Tether’s USDT reserves, and there hasn’t been an audit yet. The company certainly has an impressive footprint, but there are outstanding questions about its internals source: https://beincrypto.com/tether-usdt-gold-swiss-vault-reserves/