Tether is the crypto giant that walks around with financial reserves that would make any international company’s blood run cold. At the Plan ₿ Forum conference in Lugano, the company’s CEO Paolo Ardoino showed the world that they have no small amount of money stashed away for a rainy day — 82,454 BTC and 48.3 tons of gold. You heard that, right? Bitcoin and gold. This is not a collection of rare stamps or a candy box for emergencies. Tether is preparing for something big…
Why Tether Doesn't Trust the Dollar or Banks? The Mysteries of the Swiss Cipher
Tether is holding its reserves in something that looks more like a pirate's treasure chest than a financial strategy? If you think about it, it raises more questions than it answers. After all, most stablecoins that want to remain stable are invested in "stable" things like dollars or treasuries. But Tether has gone further. They see that the banking systems are staggering like a pensioner on roller skates, so they themselves are choosing a route away from "safe" finance.
Ardoino says directly: “Our assets are a real insurance against crises.” That is, while others are afraid that the dollar could collapse tomorrow, Tether has Bitcoin and gold – a kind of “anti-crisis pills” that work even when no one else works.
What are 82,454 Bitcoins and a Ton of Gold Hiding? Strategy or Billion-Dollar Paranoia?
Imagine sitting on a pile of gold and bitcoin — not just any pile, but $9.45 billion — and waiting for something to go wrong tomorrow. Well, in a way, Tether has always been the “panicky granny” of the crypto world, ready to shake out its money mattress at the slightest suspicion.
Those 82,454 bitcoins are worth about $2.8 billion today, and gold is the sweet spot. Tether is literally clinging to its safety net. Apparently, when bitcoin is jumping like a taser and gold is going up and down like a yo-yo, Tether feels... calmer?
Is Tether Preparing for the Apocalypse or Creating a New Era of Stablecoins?
Of course, we can suspect Tether of intending to become a crypto anti-hero. As Ardoino says, market stability is not about dollars, but about “physical assets.” And here Tether is like that guest who came to the company picnic with a backpack full of stewed meat. While others are pouring fiat cocktails, they prefer a glass of bitcoin, a pinch of gold, and readiness for any weather.
Why is Tether collecting billions in medallions?
The paradox is that in the world of crypto, where stability is usually associated with something like dollars, Tether manages to play against the rules. Their approach is more reminiscent of a collector who, instead of storing “standard” assets in a bank, sits on time-worn antiquities. You can laugh, but looking at their 48.3 tons of gold, it’s hard not to appreciate the seriousness of their “nostalgia” for age-old assets.
Tether vs. World
When the entire banking system seems to be on the verge of hysteria every time, Tether demonstrates how a “stablecoin” can actually be weather-proof. They prefer Bitcoin and gold because these assets are not dependent on the will of some government or central bank that can simply print new money when the old one runs out.
Tether has built a real fortress around its holdings. Their 82,454 bitcoins and 48.3 tons of gold aren’t just numbers. They’re an indicator of how people, and especially companies, are becoming either a little more paranoid or unusually forward-thinking in the crypto world.
