Business, Precious Metals

“Tether CEO aims to allocate up to 15% of its portfolio to gold”

“…”For our own portfolio, it’s reasonable that we are going to have around 10% in bitcoin and 10% to 15% in gold,” Ardoino said, without disclosing the value of Tether’s investment portfolio or how much of it was held in ⁠physical gold…

Tether said it bought large amounts of gold last year to back the Tether USDT stablecoin, a digital dollar with $186 billion worth of tokens ⁠in circulation, and the Tether XAUT gold token, with $2.7 ​billion in circulation…

Ardoino said he expects Tether’s 2026 profit to exceed the $10 ⁠billion it is estimated to have earned in 2025 and possibly the $13.7 billion earned in 2024…”

https://finance.yahoo.com/news/tether-ceo-aims-allocate-15-141755070.html

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