Tether Invests in Bitcoin and Gold Amidst Market Uncertainty

Tether, the issuer of USDT, is prioritizing Bitcoin and gold as long-term store of wealth solutions amid a volatile financial environment. Paolo Ardoino, Tether’s CEO, has underscored their enduring value, arguing that they will outlast traditional currencies. This strategy is visible in Tether’s recent investment policy, where 15% of profits are directed towards Bitcoin acquisitions and the growth of gold reserves through XAUt, a physically backed gold bullion product. Tether also emphasizes their future engagement with the gold industry, exploring opportunities from extraction to refining. As market dynamics evolve, Tether will release its latest attestation report, expected at the end of the month or beginning of next, which will reveal further adjustments in this strategy.