Golden Finance reports that according to data from Jefferies, as of September 30, the stablecoin USDT issuer Tether has a total of 116 tons of gold held for its clients, equivalent to approximately $14 billion at current prices, exceeding the official gold purchase amounts reported by any Central Bank.
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Jefferies: Tether has held a total of 116 tons of gold for clients over the past two quarters.
Golden Finance reports that according to data from Jefferies, as of September 30, the stablecoin USDT issuer Tether has a total of 116 tons of gold held for its clients, equivalent to approximately $14 billion at current prices, exceeding the official gold purchase amounts reported by any Central Bank.