Paolo Ardoino, CEO of Tether, is transforming the world’s largest stablecoin issuer into a digital sovereign wealth fund. The company purchases between 1 and 2 tons of gold weekly, totaling approximately 140 tons worth roughly $23-24 billion. It has also built a reserve of 83,000 to 100,000 BTC, valued at over $8 billion. With $186 billion in USDT in circulation and estimated profits between $10 and $13.7 billion for 2024-2025, Tether has become systemically relevant across multiple asset classes.
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