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0.000228675966155912 0 -0.00125771781385776 -0.000686027898467897 -0.00503087125543119 -0.00548822318774301 -0.00640292705236682 -0.00766064486622458
Stock impact report

Tether Is Shaking Up the Gold Market With Massive Metal Hoard [Yahoo! Finance]

HSBC Holdings, plc. (HSBC) 
US:NYSE Investor Relations: hsbc.com/investor-relations
Company Research Source: Yahoo! Finance
Every week, more than a ton of gold is hauled in to the high-security vault, owned by crypto giant Tether Holdings SA, which is now the world's largest known hoard of bullion outside of banks and nation states. Most Read from Bloomberg NYC's Mamdani Crushes Snow Day Hopes, But He Yearns for It Too Boston's 18-Inch Snow Deluge to Make Travel Hard to ‘Impossible' London's Vanishing Office Buildings Are Being Replaced by Hotels Storm Recovery? That's a Job for a Tool Library LA Council Sends Mansion Tax Changes Back, Dimming Prospects Over the past year, Tether has quietly become one of the biggest players in the global gold market — the embodiment of a meeting of the crypto and gold worlds whose shared distrust of government debt is a major factor behind the surge in prices to never-before-seen highs above $5,200 an ounce. And yet relatively little is known about its inner workings, or its gold strategy. When two of the most senior gold traders quit leading bullion bank Show less Read more
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