Tether hired two senior gold traders from HSBC in early 2026. By March 31, both were dismissed weeks after Tether announced its first Big Four audit and paused a 20B USD fundraise. The company wanted to allocate 10-15% of its 20B USD portfolio to physical gold. USDT remains dominant with over 184B USD in circulation. https://cryptoslate.com/tether-built-a-gold-trading-desk-then-shut-it-down-weeks-before-auditors-arrive/ #Blockchain #Crypto #Tether #Stablecoin
Tether hired top HSBC gold traders, then cut them weeks before auditors arrive

After months of expansion, crypto’s most important reserve machine is starting to look less like a growth story and more like a credibility campaign.

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