🟡 Jefferies: Tether earns over 5 billion USD from holding gold
According to estimates from Jefferies Group, based on data released by Tether, by the end of September, Tether was holding about 116 tons of gold, valued at approximately 14.4 billion USD at that time.
📈 Since the end of September last year, gold prices have risen sharply:
- End of September: about 3,858 USD/ounce
- Currently: over 5,200 USD/ounce
The main reason comes from increased geopolitical instability and the flow of investor money into safe-haven assets.
👉 With this price increase, Tether's gold position is estimated to have increased by over 5 billion USD in value.
📌 In summary: Not only linked to USD, Tether also benefits significantly from gold in the context of strong fluctuations in the global market.
❓ In your opinion, how will Tether's large gold holdings affect market confidence in USDT in the long term?
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