Tether plans to buy 1 to 2 tons of gold every week over the next few months and capture arbitrage opportunities through active trading

BlockBeats News, January 28th, Tether's Chief Technology Officer Paolo Ardoino pointed out in an interview with Bloomberg that, as the United States' geopolitical rivals may introduce a gold-backed US dollar alternative, he expects Tether's role in the gold market to further expand.

Ardoino stated that Tether plans to continue reinvesting substantial profits in gold. He said the company is currently buying 1 to 2 tons of gold per week and will maintain this pace in the "coming months."

Currently, Tether has accumulated nearly 140 tons of gold, stored in a nuclear bunker built during the Cold War in Switzerland. This is the largest known gold reserve in the world outside of central banks, ETFs, and commercial banks. With the recent surge in gold and other metal prices, Tether's gold holdings are now valued at over $23.3 billion.

Ardoino revealed to Bloomberg that Tether is evaluating the market and potential trading strategies, planning to capture arbitrage opportunities through active trading of its gold reserves. The company has recently recruited two senior gold traders from HSBC to lead its expansion in the gold bar market.