Global #Tether's Gold

Investment bank Jefferies suggests that the recent significant surge in gold prices cannot be fully explained by traditional market factors. Instead, they point to Tether, the issuer of the largest stablecoin (USDT), as a major new source of demand.

Tether Holdings, the world's largest stablecoin issuer and operator of USDT, is expanding its focus beyond fiat-pegged tokens with a significant move into the real-world asset (RWA) sector, specifically tokenized gold.