Tether (USDT) Buys $1B in Gold Monthly, Secures in High-Tech 'James Bond' Bunker

Stablecoin giant Tether is aggressively expanding its gold reserves, purchasing up to $1 billion worth of the precious metal every month. The company stores a significant portion of this physical gold in a state-of-the-art, highly secure facility in Switzerland, internally nicknamed the 'James Bond' bunker. This strategic move is part of Tether's ongoing commitment to strengthening the backing of its USDT stablecoin with robust, tangible assets beyond traditional fiat currencies. The increased gold allocation aims to enhance the stability and resilience of USDT, the world's largest stablecoin by market capitalization, amid evolving market conditions and growing demand for asset diversification in the crypto space. This substantial investment underscores Tether's focus on security and asset-backed credibility.