Citing Crypto.News, Tether has hired two senior gold traders from HSBC to bolster its physical gold strategy. The executives, Vincent Domien and Mathew O’Neill, will help expand Tether’s $12 billion in gold reserves, which back both the Tether Gold (XAUT) token and USDT stablecoins. The move comes as the firm continues to add approximately 1 metric ton of gold per week.
Tether Hires HSBC Executives to Expand $12B Gold Reserves
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