Tether Holds $8 billion worth of gold in a secret vault in Switzerland

[akar87]

Happycoin.club - Tether CEO Paolo Ardoino stated that the company stores $8 billion worth of gold in "the most reliable vault in the world." He did not specify the exact location of the precious metal reserve, but said it was Switzerland.

At the moment, the issuer of the USDT stablecoin owns almost 80 tons of gold, most of which belongs directly to the company. With such a large reserve, Tether is one of the largest holders of gold in the world, not counting banks and states.

In an interview with Bloomberg, Ardoino said that the decision to create its own storage facility instead of paying storage operators was dictated by the recent increase in the value of gold.

" Gold, in my opinion, should logically be a more reliable asset than any national currency. Therefore, I think if people start to worry about a possible increase in the US debt, they may pay attention to alternatives," - Ardoino said.
According to Trading Economics, the price of gold has increased by 38.5% over the past year. On April 21, it also reached a new all-time high of $3,390. At the time of writing, the price of the precious metal has dropped to $3289.

[Charles-Tim]

I read the news few days ago or so. It is worth knowing that XAUT is not gold, it is considered now as tokenized RWA which is gold. So XAUT is a tokenized gold and not real gold.

But if Tether continue to buy the real gold, maybe the price of XAUT will be very stable to the price of real gold. I am not certain of what can happen in the future.

[Natalim]

That actually makes it more solid compared to being backed purely by fiat. Gold is very stable, no matter where it’s stored or who owns it, its value holds up over time. With the recent news about gold shooting up, that move makes Tether look more reliable, since they’re clearly trying to make sure customer funds are properly backed.

And since Tether is regulated, the government has to verify this anyway. That means the gold has to actually exist and be accounted for as part of the reserves backing the stablecoin, not just something they claim on paper.

[davis196]

Gold, in my opinion, should logically be a more reliable asset than any national currency. Therefore, I think if people start to worry about a possible increase in the US debt, they may pay attention to alternatives," - Ardoino said.
According to Trading Economics, the price of gold has increased by 38.5% over the past year. On April 21, it also reached a new all-time high of $3,390. At the time of writing, the price of the precious metal has dropped to $3289.

The current price of gold is somewhere around 4.5K USD per troy ounce. I wouldn't be surprised if gold reached 5K USD soon.
I don't trust a single word by anyone, who is involved with Tether. That guy would've told us that they hold 80 billion USD worth of gold instead of 8 billion and I still won't believe him. It's all promises and lies. there's no proof. It's weird that he praises gold as an alternative of the US dollar, instead of Bitcoin. Why Tether isn't tied to gold, rather than being tied to the US dollar? What's the point of being tied to a fiat currency, which loses value on a daily basis?

[viljy]

The CEO of the organization praises gold in comparison with treasuries (i.e., in fact, with the dollar), and this organization issues USDT, which is nothing more than a "tokenized dollar" - a stablecoin secured in the same treasuries. Strange logic. Well, the presence of mythical gold, located in mythical vaults in Switzerland (why not in the States?) - It looks strange for an American organization. In other words, this is equivalent to saying that storing gold in the United States is unreliable. Or maybe the explanation is simpler - there is simply no gold at all (or much less).

[Jatiluhung]

Having reserves in the form of gold is indeed very good. Moreover, we all know that gold is an asset that is not affected by inflation at all. We have seen that gold has retained its value throughout the ages. So, yes, having gold as a reserve asset can indeed bring stability to a company. However, the problem is how to audit it. Is the amount correct or not? Or has it been audited?
I apologize, I have not read the news report in full.
But honestly, I'm impressed with what Tether has done. They bought a large amount of gold and are currently the largest holder of gold. This shows that they themselves trust gold more than anything else. And that's a good thing.

[Iranus]

The current price of gold is somewhere around 4.5K USD per troy ounce. I wouldn't be surprised if gold reached 5K USD soon.

Certainly, with increasing geopolitical instability, the price of gold reaching $5k is inevitable. Because ultimately, it remains the most reliable safe haven to date.

I don't trust a single word by anyone, who is involved with Tether. That guy would've told us that they hold 80 billion USD worth of gold instead of 8 billion and I still won't believe him. It's all promises and lies. there's no proof. It's weird that he praises gold as an alternative of the US dollar, instead of Bitcoin. Why Tether isn't tied to gold, rather than being tied to the US dollar? What's the point of being tied to a fiat currency, which loses value on a daily basis?

Whether you believe them or not, and whether they are lying or not. The truth is that USDT remains the stablecoin with the largest market capitalization, despite the controversies surrounding it over the years.

They are accumulating gold is not intended to back USDT. They have a bigger plan, which is to build a tokenized gold ecosystem.

[Darker45]

The CEO of the organization praises gold in comparison with treasuries (i.e., in fact, with the dollar), and this organization issues USDT, which is nothing more than a "tokenized dollar" - a stablecoin secured in the same treasuries. Strange logic. Well, the presence of mythical gold, located in mythical vaults in Switzerland (why not in the States?) - It looks strange for an American organization. In other words, this is equivalent to saying that storing gold in the United States is unreliable. Or maybe the explanation is simpler - there is simply no gold at all (or much less).

Their mythical 1:1 ratio of USDT and USD was strongly believed to be backed by mythical USD. LOL!

Anyway, for whatever it's worth, his reasoning seems sound. He should know. He's leading a huge company that used to mint a USD-like currency out of thin air. If USD itself is printed out of thin air and a digital copy could also be minted out of thin air, then gold must be a world more reliable. And a company that has got billions should worry and look for solid alternatives. It already has billions in Bitcoin. It could be true it has billions in gold as well.

[YOSHIE]

Tether Holds $8 billion worth of gold in a secret vault in Switzerland

There is a saying that says "the more flour there are, the more types of cakes you can make." The rich get richer, that's how economic life is today, where the poor seem to have no hope for their economic revival, being poor, just waiting for death to come, that is true wealth, never enjoying a decent life in this world.

Yes, we know that Switzerland has become a target for developing countries in storing assets. If the bank that is famous in the world is Swiss Bank, we understand that the company or CEO of Tether really knows that the best investment besides Bitcoin is gold. Of course they do all that, it's no surprise that several superpower countries have the largest gold reserves.

Code:

LastUnitReferenceUnited States Gold Reserves8133.46TonsSep 2025Russia Gold Reserves2329.63TonsSep 2025Italy Gold Reserves2451.84TonsSep 2025India Gold Reserves880.18TonsSep 2025GermanyGold Reserves3350.25TonsSep 2025France Reserves Gold2437.00TonSep 2025China Gold Reserves2303.50TonSep2025United States Inflation Rate2.70PercentDec 2025United States Interest Rate3.75PercentDec 2025

This has been a long route in the history of gold with unstoppable prices, currently I see many companies switching investments to gold, it is not surprising that Tether currently owns most of the gold in Switzerland with a total of:

Tether, through its entity Tether Gold (or XAU₮), has reportedly consolidated around 80 tons of gold bullion, worth around US$8 billion, into a secret vault in Switzerland as part of the reserves backing their stablecoins.