Tether, the company behind the world’s largest stablecoin USDT, has made a bold statement regarding the stablecoin and the company’s performance. Speaking at the Bitcoin 2025 event, Tether CEO Paolo Ardoino announced that the company now holds more than 100,000 Bitcoin and over 50 tons of gold. Tether Strengthens Reserves with Diverse Assets The X post is proof that Tether’s position as a leading financial force continues to grow in many areas, both in cryptocurrencies and traditional finance markets. The presentation slide behind Ardoino revealed other performance metrics. In 2024 alone, the USDT issuer made $13 billion in profit. The company also holds $120 billion in U.S. Treasury Bills, making it one of the largest holders of short-term U.S. government debt. They strengthen the reserves behind USDT, which many people use on crypto exchanges and platforms worldwide. Tether’s holdings of Bitcoin and gold deserve special attention. Tether’s holding of gold… Read More at Coingape.com
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