Tether, the crypto company behind the world's largest stablecoin USDT, held over 11.6 tons of gold bars to back the value of its tokenized gold offering as investor demand grew for the yellow metal ...
In an X post, Kobeissi Letter noted that Tether’s gold holdings hit a record $12.9 billion in September, equal to 104 tons of actual gold. The value has more than doubled since the start of the year.
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