As per Ourcryptotalk, Tether has hired Vincent Domien and Mathew O’Neill, two senior executives from HSBC, to bolster its gold operations. Domien previously led HSBC’s global metals trading, while O’Neill managed precious metals for EMEA. Tether, which already holds over $12 billion in physical gold, aims to scale its reserves further, supporting both USDT and Tether Gold (XAUT), the latter with a $1.56 billion market cap. The firm has been acquiring approximately 1 metric ton of gold per week, positioning itself as one of the largest non-government gold buyers globally.
Tether Hires Top HSBC Gold Traders to Expand Bullion Strategy
OurcryptotalkShare
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.