Tether Now Holds Over 100,000 Bitcoin and 50 Tons of Gold
The post Tether Now Holds Over 100,000 Bitcoin and 50 Tons of Gold appeared on BitcoinEthereumNews.com. Tether, the company behind the world’s largest stablecoin USDT, has made a bold statement regarding the stablecoin and the company’s performance. Speaking at the Bitcoin 2025 event, Tether CEO Paolo Ardoino announced that the company now holds more than 100,000 Bitcoin and over 50 tons of gold. Tether Strengthens Reserves with Diverse Assets The X post is proof that Tether’s position as a leading financial force continues to grow in many areas, both in cryptocurrencies and traditional finance markets. The presentation slide behind Ardoino revealed other performance metrics. In 2024 alone, the USDT issuer made $13 billion in profit. The company also holds $120 billion in U.S. Treasury Bills, making it one of the largest holders of short-term U.S. government debt. They strengthen the reserves behind USDT, which many people use on crypto exchanges and platforms worldwide. Tether’s holdings of Bitcoin and gold deserve special attention. Tether’s holding of gold is significant given reports that many gold holders are swapping their gold for BTC. It holds more than $6.8 billion in Bitcoin and ranks among the top corporate owners of the leading cryptocurrency worldwide. The addition of significant gold to its reserves means the bank wants a variety of assets not tied to just fiat money. Tether’s use of crypto, precious metals and normal finance is a sign that the company wants to strengthen its system against risks. Like Tether, France-based football club, Paris Saint-Germain (PSG) also revealed during the bitcoin conference that it will be including BTC in its treasury reserves. More Than 420 Million Users Use USDT For Trading and Saving in Digital Currencies According to the data presented, USDT now has 420 million users worldwide. An estimated 138 million of those are off-chain users, meaning they use Tether through third-party services or in non-blockchain applications. This shows…
The post Tether Now Holds Over 100,000 Bitcoin and 50 Tons of Gold appeared on BitcoinEthereumNews.com.
Tether, the company behind the world’s largest stablecoin USDT, has made a bold statement regarding the stablecoin and the company’s performance. Speaking at the Bitcoin 2025 event, Tether CEO Paolo Ardoino announced that the company now holds more than 100,000 Bitcoin and over 50 tons of gold. Tether Strengthens Reserves with Diverse Assets The X post is proof that Tether’s position as a leading financial force continues to grow in many areas, both in cryptocurrencies and traditional finance markets. The presentation slide behind Ardoino revealed other performance metrics. In 2024 alone, the USDT issuer made $13 billion in profit. The company also holds $120 billion in U.S. Treasury Bills, making it one of the largest holders of short-term U.S. government debt. They strengthen the reserves behind USDT, which many people use on crypto exchanges and platforms worldwide. Tether’s holdings of Bitcoin and gold deserve special attention. Tether’s holding of gold is significant given reports that many gold holders are swapping their gold for BTC. It holds more than $6.8 billion in Bitcoin and ranks among the top corporate owners of the leading cryptocurrency worldwide. The addition of significant gold to its reserves means the bank wants a variety of assets not tied to just fiat money. Tether’s use of crypto, precious metals and normal finance is a sign that the company wants to strengthen its system against risks. Like Tether, France-based football club, Paris Saint-Germain (PSG) also revealed during the bitcoin conference that it will be including BTC in its treasury reserves. More Than 420 Million Users Use USDT For Trading and Saving in Digital Currencies According to the data presented, USDT now has 420 million users worldwide. An estimated 138 million of those are off-chain users, meaning they use Tether through third-party services or in non-blockchain applications. This shows…
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