In an interview with Bloomberg, Tether CEO Paolo Ardoino stated that Tether's role in the gold market is expected to expand further as U.S. geopolitical adversaries may introduce gold-backed alternatives to the dollar. Ardoino pointed out that Tether plans to continue reinvesting its substantial earnings into gold assets, currently purchasing 1 to 2 tons of gold per week, and expects to continue this strategy in the coming months. He revealed that Tether currently holds nearly 140 tons of gold, stored in a Cold War-era nuclear bunker in Switzerland, making it one of the largest known single gold reserves globally, excluding central banks, ETFs, and commercial banks. With the recent rise in gold and other precious metal prices, Tether's gold holdings are now worth over $23.3 billion. Furthermore, Ardoino stated that Tether is assessing relevant market conditions and trading strategies, planning to capture arbitrage opportunities through more proactive gold trading. The company recently hired two senior gold traders formerly with HSBC to advance its physical gold market strategy. (The Block)