Tether Reveals $9.45 Billion In Bitcoin And Gold Reserves At Plan ₿ Forum

According to Odaily, during the Plan ₿ Forum held in Lugano, Switzerland, Tether disclosed its reserves, which include $5.58 billion in Bitcoin and $3.87 billion in gold, based on prices as of October 27. The total reserves amount to $9.45 billion. This revelation has led to questions within the community regarding the alignment of these reserves with the market support for USDT. In response, Tether CEO Paolo Ardoino clarified that Tether also holds approximately $100 billion in U.S. Treasury bonds.