PANews reported on January 28 that, according to Reuters, Tether CEO Paolo Ardoino stated that Tether plans to allocate 10% to 15% of its portfolio to physical gold .

Previously, it was reported that stablecoin issuer Tether Holdings SA has become one of the largest participants in the global gold market, holding approximately 140 tons of gold, worth about $23 billion. It is believed to be the largest known holder of physical gold outside of banks and nations. Tether CEO Paolo Ardoino revealed that the company is continuously purchasing gold at a rate of 1 to 2 tons per week, with the goal of establishing a long-term, stable physical gold reserve in a former Swiss nuclear bunker.