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Tether Outbuys Most Central Banks in Gold Bunker Buildup
Yahoo Finance· 2026-01-29 05:01
Tether, the company behind the largest stablecoin by market cap, is amassing a huge pile of gold bullion in a former Swiss nuclear bunker. The “James Bond kind of place,” as its CEO, Paolo Ardoino, described the storage facility to Bloomberg, houses a gold collection of more than 140 tons. With gold’s ongoing rally, that’s about $24 billion worth. The crypto company bought at least 70 tons of gold last year, Bloomberg calculated, or more than was reported by any central bank besides Poland’s. Now, Ardoin ...