Tether set up its own vault to cut the high fees that outside operators charge, reports disclosed. Ardoino noted that if Tether Gold token grows to $100 billion in circulation, paying 50 basis points in custody fees would be a lot of money.
Running a single facility can bring down overhead, he said, and make it easier to add more gold in future. It also gives the company a headline‑grabbing way to show tangible backing for part of its stablecoin reserves.
Precious metals sit alongside fiat and bonds, not in place of them. The move to centralize gold is a sign that Tether wants to diversify its reserve mix. It also mirrors wider trends: central banks, especially in BRICS countries, have been buying gold, and investor flows into gold ETFs have picked up after prices hit multi‑year highs.
Featured image from Unsplash, chart from TradingView
