Tether Becomes World’s Largest Gold Holder, Challenges Crypto Reserve Landscape

Tether Holdings Limited has reportedly become the world’s largest independent gold holder, boasting holdings that rival national reserves, according to Financial Times reports. This unprecedented move could significantly impact Tether’s stability and how it’s perceived by institutional investors. 116 tonnes of gold are now held by the company, marking a major shift in stablecoin backing away from traditional fiat currencies. While initial market reactions remain muted, this strategic change will likely influence financial strategies and the future of gold-backed tokens. )