$PAXG
🔞🔞 Tether has now bought 140 tons of physical gold and stuffed it in a Cold War-era nuclear bunker 👀
Tether now holds $24B worth of gold bars in secure Swiss storage 👀
They're using profits from operations, over $10B last year alone, to build this reserve 📢
(To the extent that Tether has quietly become the largest known private gold holder outside of banks and governments) 👀
For years, stablecoin issuers just parked reserves in T-bills and cash equivalents 📢
Tether is doing something different 👀
They're targeting 10-15% of their total portfolio in physical gold, mimicking how central banks structure reserves 📢
Tether's CEO has been explicit about his reasoning 📢
Protect against fiat currency distrust and geopolitical tensions 👀
(Gold will put some distance between them and any single government's monetary policy) 👀
Can’t tell if the world’s largest stablecoin company putting its billions of profit into gold is ⬇️
A) a genius treasury management move 🤔
or
B) peak crypto irony 🤔
Probably both 🤔
🚸 Warning 🚸 I do not provide financial advice 🔞The intent of this content is for you to be aware of market conditions before starting to invest 👌Thank you for reading 👌