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.![[Market] Bitcoin falls below $82,000...$320 million liquidated over the past hour](https://media.bloomingbit.io/PROD/news/93660260-0bc7-402a-bf2a-b4a42b9388aa.webp?w=250)
