Tether recruits senior HSBC metals traders as it expands gold reserves
Crypto Briefing
Tether is hiring senior HSBC precious metals traders to expand its growing gold reserves and influence in the bullion market.Summary
Stablecoin issuer Tether Holdings is diversifying its business by recruiting senior precious metals traders from HSBC to bolster its expanding gold reserves and presence in the bullion market. This strategic move comes as gold experiences a historic rally, increasing demand for experienced metal traders. Tether, which already holds substantial gold as part of its $180 billion in total assets, is actively purchasing physical gold from Swiss refiners and investing in gold royalty and mining companies.
(Source：Crypto Briefing)