TETHER SHOCKS WORLD: BECOMING THE GOLD CENTRAL BANK? $XAU
Tether’s CEO just revealed a monumental ambition. They are not just a stablecoin issuer. They are aiming to be the world's premier gold central bank. This bold move comes as the USD's reserve status faces uncertainty.
Tether holds nearly 140 tons of gold. This treasure is worth over $23 billion, secured in Swiss vaults. They are not passively holding. Tether wants to actively trade gold, mirroring giants like JPMorgan. They've hired top traders from HSBC to build this new division. Their goal is profit from spreads and arbitrage. Their gold-backed stablecoin, $XAUT, already dominates over 50% of the gold-backed stablecoin market.
This strategic pivot could legitimize on-chain gold. It could drive institutional capital into digital gold. It will create real demand for physical gold, potentially skyrocketing its price. $XAUT could become a crucial bridge between TradFi and crypto. This is massive for de-dollarization scenarios.
Disclaimer: This is not financial advice.
$XAU $XAUT #DigitalGold #Tether #DeDollarization 🚀
