‘We wear your loathing with pride:’ Why S&P downgraded Tether after it bought more gold than any country
Tether, the issuer of the USDT stablecoin, has spent the previous yr accumulating Bitcoin and gold at a tempo that places it on par with a number of sovereign treasuries. For context, the agency bought more gold than each central financial institution mixed over the past quarter alone, pushing its complete holdings to 116 tons…
