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Tether Reveals $8B Gold Stash in Secret Swiss Vault

Gesara.news Β» News Β» Tether Reveals $8B Gold Stash in Secret Swiss Vault

News Date: June 18, 2024

πŸ₯‡ July 8, 2025: Tether, issuer of the world’s largest stablecoin, quietly amassed 80 tons of gold worth $8 billion β€” stored in a private Swiss vault.
πŸ”οΈπŸ” Now among the world’s top non-state gold holders, Tether aims to grow this treasure trove even further. πŸŒπŸ“ˆ
πŸ† June 3, 2025: Tether has just introduced XAUt0, an omnichain gold-backed token now available on the TON blockchain. This move boosts interoperability and mobility of digital gold across multiple networks, bringing the stability of precious metals into the Web3 era.πŸŸ‘πŸ”—
June 18, 2024: Tether has introduced Alloy, a series of gold-collateralized assets.
The first product, AUSDT, is a token that mirrors the U.S. dollar's value but is backed by Tether Gold (XAUT).
This innovative approach, created by Tether's subsidiaries, Moon Gold NA and Moon Gold El Salvador, aims to provide stable, gold-backed digital assets.
CEO Paolo Ardoino highlighted the novelty and potential market impact of this mechanism.
Initially available on the Ethereum blockchain, AUSDT allows XAUT holders to transact in a dollar-like currency, with over 8 million AUSDT issued, supported by more than 140 kg of gold.

The "Golden Age" Study Launched

Trump-backed candidate for Florida's 1st Congressional District, Jimmy Patronis, is advocating for Florida to adopt gold and silver as legal tender.
This aligns perfectly with Donald Trump's recent statement that "the golden age of America has already begun."
Notably, Trump resides at his private Mar-a-Lago estate in Palm Beach, Florida, further underscoring the symbolic connection between his vision for a "golden age" and Florida's potential embrace of precious metals.
"Gold and silver have been trusted assets for thousands of years, and it makes perfect sense to use them as legal tender.
I'm launching this study to determine the best way to get it done," Patronis stated in a press release this week.

BRICS trade has grown remarkably

The BRICS group witnessed a remarkable surge in their trade activities over the five-year period from 2017 to 2022.
According to a report by Bloomberg, these nations collectively bolstered their economic ties and achieved a staggering 56% growth in their trade volumes during this period.
This significant increase underscores the growing economic significance of this influential bloc on the global stage.
In the year 2022, the combined trade turnover among the BRICS nations reached an impressive milestone, amounting to a staggering $422 billion.
This substantial figure demonstrates the remarkable economic prowess and potential of the BRICS group, solidifying its status as a major player in the international trade landscape.
In a recent statement, Russian President Vladimir Putin argued that the BRICS group has already surpassed the G7 nations in terms of the purchasing power parity (PPP) of their populations.
This claim highlights the rising economic strength and consumer power of BRICS countries, potentially reshaping the global economic landscape and challenging the traditionally dominant position of the G7.

The new Petro-Gold-Yuan system

Gold will be instrumental in China's plan to create an international oil/renminbi market.
Gold will be a crucial factor for China as the nation looks to strengthen the yuan's international credibility and continues to push forward its plans to buy oil from Saudi Arabia.
Sources: kitco.com

Iraq is working on issuing a digital currency and deleting zeros from the dinar

Central Bank of Iraq: We are working on issuing a digital currency and deleting zeros from the dinar requires an atmosphere.
The Governor of the Central Bank of Iraq, Mustafa Ghaleb Makheef, said on Tuesday that the bank is working on issuing digital currency to keep pace with the development of monetary transactions in the region and the world, stressing that deleting zeros from the local currency requires a calm economic atmosphere for that.
Sources: search4dinar

Judy Shelton for Fed board, return to the gold standard

Senate banking panel to resume considering Judy Shelton for Fed board.
The nomination of Shelton appeared in jeopardy earlier this year as Republicans and Democrats on the banking panel expressed concerns over her views on the independence of the Fed from the White House, as well as her advocacy in the past for returning the United States to the gold standard.
Source: www.washingtonpost.com

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