๐ช The largest whale in the gold rush in the third quarter was not a central bank from the G20... but Tether!
- ๐ Tether accumulated about 26 tons of physical gold during the third quarter, which is more than any central bank purchased.
- ๐ฆ Its total reserves of physical gold have now reached approximately 116 tons, valued at over 13 billion dollars.
- ๐ This move positions Tether as an unconventional player in the gold market, outperforming central banks in terms of holdings.
๐ก Conclusion: Tether's entry into the gold market at this scale reflects a strong diversification strategy and adds a new dimension to the narrative of stablecoins as physically backed assets.
$USDT
$BTC
#CryptoNews #Stablecoins ๐ช
โ ๏ธ This is not investment advice; do your own research before making any decisions.
- ๐ Tether accumulated about 26 tons of physical gold during the third quarter, which is more than any central bank purchased.
- ๐ฆ Its total reserves of physical gold have now reached approximately 116 tons, valued at over 13 billion dollars.
- ๐ This move positions Tether as an unconventional player in the gold market, outperforming central banks in terms of holdings.
๐ก Conclusion: Tether's entry into the gold market at this scale reflects a strong diversification strategy and adds a new dimension to the narrative of stablecoins as physically backed assets.
$USDT
$BTC
#CryptoNews #Stablecoins ๐ช
โ ๏ธ This is not investment advice; do your own research before making any decisions.