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Tether Holds Over 82,000 in Bitcoin and 48 Tonnes of Gold for USDT Reserve
Tether CEO Paolo Ardoino has disclosed that the company holds more than 82,000 Bitcoin and 48 tonnes of gold in its reserves. Ardoino disclosed this on X while clarifying comments about Tether USDT reserves.
This was in response to his earlier statement at the Lugano Plan B Event when discussing Tether products. According to him, the company also has over £100 billion in US Treasuries backing the USDT stablecoin. Thus, all its USDT is fully backed.
He said:
“Since I see a lot of confusion in this thread, let me clarify that: – Tether has ~£100B in US treasuries. Plus it has 82k+ BTC and 48T+ of gold.”
This was in response to his earlier statement at the Lugano Plan B Event when discussing Tether products. According to him, the company also has over £100 billion in US Treasuries backing the USDT stablecoin. Thus, all its USDT is fully backed.
He said:
“Since I see a lot of confusion in this thread, let me clarify that: – Tether has ~£100B in US treasuries. Plus it has 82k+ BTC and 48T+ of gold.”
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