Tether recruited HSBC’s metals trading heads to build institution-grade bullion operations inside its $180B reserve stack. The issuer has been adding more than 1 ton of gold per week, lifting bullion holdings to about $12B alongside USDT collateral. The move tightens the link between stablecoins and physical gold as Tether rolls out XAUT and challenges bank-led metals desks. Tether Holdings SA is making a strategic move into the global gold market by hiring two of HSBC Holdings Plc’s top precious metals executives. This move signals a deeper integration between traditional finance and digital asset reserves. The appointments reflect Tether’s intention to expand its presence beyond stablecoins into the broader commodities sector. Tether Hires Top HSBC Gold Traders to Take on Bullion Market https://t.co/9zSsG2AqjN — Paolo Ardoino (@paoloardoino) November 11, 20… Read The Full Article Tether Hires HSBC Gold Chiefs To Deepen $12B Bullion Hoard And Broaden $180B Reserves On Coin Edition .
