Summary
- Tether disclosed in its Q3 report that it holds $12.9 billion worth of gold.
- Tether's gold holdings increased by $7.6 billion compared to $5.3 billion in the first quarter at the start of the year.
- Tether's large gold holdings could have a positive effect on strengthening asset stability.
The world's largest stablecoin (a virtual asset pegged to fiat currency), Tether (USDT), disclosed that it holds a large amount of gold.
On the 22nd (Korean time), according to Cointelegraph X (formerly Twitter), Tether reported in its Q3 report that it holds $12.9 billion worth of gold.
This represents an increase of $7.6 billion compared to the first quarter ($5.3 billion).
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
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