Tether and USDC are 'stealth hedge funds,' warns $620B asset manager — and a liquidity crisis could prove it!
argument centers on reserve composition. Tether holds an estimated 148 tonnes of gold (valued at roughly $23 billion
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argument centers on reserve composition. Tether holds an estimated 148 tonnes of gold (valued at roughly $23 billion
company name, logo, and gold-backed stablecoin Tether Gold (XAUT). The breadth of the filings marks a notable…reading the expanded scope as a signal that Tether is laying groundwork for a formal local presence — potentially
financial engine behind the bet is real. Tether's Q1 2026 attestation reported $1.04 billion in net profit…recurring income funds long-duration infrastructure plays — Bitcoin, gold, energy, mining, and now AI compute. QVAC
around two dominant products: Paxos Gold (PAXG) and Tether Gold (XAUT), which together account for the lion
token roughly nine hours ago. XAUT is Tether's tokenized gold product, giving holders on-chain exposure
actively intervenes. Green frames the difference as cultural: Tether, in his view, is run by crypto natives…hold early-era principles around community protection, while Goldman Sachs-backed Circle is primarily profit-driven. Green went