๐ฆ Tether Invests in Crystal and Discloses $8B Gold Reserve
Crypto giant Tether has made two major moves –
it invested in blockchain analytics firm Crystal Intelligence,
and for the first time officially confirmed that it holds about $8 billion worth of gold in a private vault in Switzerland.
This equals around 80 tons of metal – roughly 5 % of its total reserves (โ$112 billion).
Why It Matters:
- Gold is a hedge against inflation and currency risk. According to CEO Paolo Ardoino:
โGold is logically safer than any national currency.โ - Self-custody reduces costs –
commercial vaults charge ~0.5 % annually, private storage is cheaper. - Gold is only part of the reserves – the rest is mostly US Treasuries and fiat.
- Investment in Crystal Intelligence boosts control over illicit transactions and strengthens Tetherโs reputation.
Project Details:
- The vault is located in Switzerland – highly secret and well guarded.
- The amount of gold is in line with UBS analysis on this asset class.
Expert Opinions:
- Positive View:
โItโs a strategically sound move – diversification and trust,โ say analysts. - Regulatory Risks:
Laws are emerging in the EU and US that may prohibit using gold as a backing for stablecoins – allowing only fiat or similar instruments.
If MiCA and GENIUS Act go into effect, Tether may have to either sell the gold or back only its XAUT token with it.
๐ Conclusion
- Financial Stability: gold serves as a currency-agnostic safety net and a trust anchor.
- Operational Savings: private vault storage is more cost-efficient.
- Regulatory Pressure: new laws may require strategic adjustments.
Disclaimer
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