Tether now holds more physical gold than the sovereign nations of Australia, South Korea, and the UAE. With a $23 billion stockpile, this private crypto firm has cracked the top 30 global gold holders, rivaling the reserves of major central banks. It’s a provocative shift: a stablecoin issuer now has a more “solid” treasury than many developed countries. Does this make Tether more reliable than a national central bank, or is this a massive systemic risk? What do you think?
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