Tether's gold hoard nears USD 20bln as buying spree continues, Bloomberg reports

Tether's increasing gold reserves, nearing USD 20 billion, signal a significant move towards solidifying backing for its stablecoin, which could influence market dynamics. This buying spree may add upward pressure on gold prices, highlighting a shift in demand amid broader economic uncertainties, especially for investors seeking refuge in tangible assets. Keep an eye on how this could impact the dollar and commodities markets as the trend develops.