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@ Barry⚡️
2025-05-30 01:00:30
Tether CEO: The company holds more than 100,000 bitcoins and 50 tons of gold
Paolo Ardoino, CEO of stablecoin issuer Tether, disclosed at the Bitcoin 2025 conference that the company currently holds more than 100,000 bitcoins (worth more than $10 billion) and more than 50 tons of gold.
According to the latest financial report, as of the end of the first quarter of 2025, Tether held bitcoins worth more than $7 billion (based on the then $83,000 per coin), and physical gold bars worth more than $6 billion.
Ardoino said that Tether achieved a profit of about $13 billion in 2024, making it the most profitable company in the crypto industry. Regarding the decision to hold gold, he explained that "gold is not competing with Bitcoin, but with fiat currency." Currently, USDT is the world's largest dollar stablecoin.