Happycoin.club - El director del emisor de stablecoins $USDT de la empresa Tether, Paolo Ardoino, informó sobre los planes de convertir su empresa en un banco central que gestione las reservas de oro.
Según las palabras de Ardoino, Tether, que posee oro por un valor de $23.3 mil millones, continuará comprando el metal precioso durante los próximos meses. Actualmente, los empleados de la empresa compran de 1 a 2 toneladas $XAU por semana y ya han acumulado en el búnker, que se encuentra en Suiza, casi 140 toneladas de oro.
Tether plans to trade precious metal to earn profits through arbitrage. To implement this idea, the firm has hired two experienced traders who have worked at HSBC bank. They will develop a strategy that the company's specialists will use to profit from XAU.
Judging by Paolo's desire to make Tether the largest central bank with a gold reserve, he wants to accumulate a lot of precious metal. Currently, the USA leads the ranking of countries by the weight of XAU held on the national balance, reaching 8.133 tons. Therefore, Tether will have to accumulate another 7.993 tons to match the Americans.
Separately, it is worth noting that holders of Tether Gold (XAUt) gold stablecoins should not worry about Ardoino's plans to trade precious metal. According to Happy Coin News, the token's value is backed by XAU reserves weighing 16.2 tons, consequently creating a large surplus of precious metal on the company's balance sheet, which is likely to be released into the market. Currently, XAUt accounts for approximately half of the capitalization level of created gold-based stablecoins, and the Bitget exchange is holding a trading tournament for these coins with a prize pool of $96,930
