PANews reported on January 28 that, according to Reuters, Tether CEO Paolo Ardoino stated that Tether plans to allocate 10% to 15% of its portfolio to physical PANews reported on January 28 that, according to Reuters, Tether CEO Paolo Ardoino stated that Tether plans to allocate 10% to 15% of its portfolio to physical
Tether CEO: Plans to allocate 10% to 15% of portfolio to physical gold
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News Brief
**PANews Reported: Tether's Bold Move Into Physical Gold**On January 28, PANews revealed that Tether CEO Paolo Ardoino unveiled an ambitious strategy to allocate 10% to 15% of the company's portfolio toward physical gold. The stablecoin giant has evolved into a dominant force in the global gold market, currently possessing approximately 140 tons valued at roughly $23 billion—positioning itself as arguably the largest known private holder of physical gold worldwide, outside traditional banks and sovereign nations.According to Ardoino, Tether maintains a consistent purchasing rhythm of 1 to 2 tons weekly. Therefore, the company aims to establish a robust, long-term physical gold reserve securely housed in a former Swiss nuclear bunker—a move analysts believe underscores Tether's commitment to tangible asset backing.
PANews reported on January 28 that, according to Reuters, Tether CEO Paolo Ardoino stated that Tether plans to allocate 10% to 15% of its portfolio to physical gold .
Previously, it was reported that stablecoin issuer Tether Holdings SA has become one of the largest participants in the global gold market, holding approximately 140 tons of gold, worth about $23 billion. It is believed to be the largest known holder of physical gold outside of banks and nations. Tether CEO Paolo Ardoino revealed that the company is continuously purchasing gold at a rate of 1 to 2 tons per week, with the goal of establishing a long-term, stable physical gold reserve in a former Swiss nuclear bunker.
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