DeutschAccording to its own information, Tether is hiding 80 tons of gold in Switzerland. The precious metal serves as a reserve for the stablecoin USDT. The company wants to keep the exact location of the independently operated vault a secret.
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This is how much Gold USDT Operator Tether is Hiding in Switzerland
USDT operator Tether is hiding vast quantities of the precious metal gold in Switzerland – the company recently announced to Bloomberg. Gold reserves worth eight billion US dollars are said to be in a well-secured vault.
“We operate our own vault. I think it’s the safest vault in the world”, Bloomberg quotes Tether CEO Paolo Ardoino.
For security reasons, Tether wants to keep the location of the vault secret in the future. The public should also not find out when it was built. The operator of the world’s largest stablecoin only reveals this much: the facility is located somewhere in the Swiss Confederation.
The precious metal has probably been included in Tether’s transparency reports for quite some time. Since 2023, it has been listed in official reports as backing for the stablecoin USDT. The most important asset that Tether uses in this function is US government bonds.
Gold is summarized under the category of precious metals. At 4.46 percent, this accounts for a rather small share of the reserve. At the time of the last transparency report in March 2025, USDT had a market capitalization of 143 billion US dollars.
“In my opinion, gold is a safer investment than any government fiat currency”, Ardoino explained Tether’s gold reserves.
Especially in the current geopolitical situation, which is increasingly characterized by conflicts, gold could serve as a potent alternative, Ardoino believes. In the annual trend, gold has already risen by 40 percent against the US dollar and 24 percent against the Swiss franc. The Tether boss expects this trend to continue.
“I think if people start to worry about the possible increase in the United States’ debt, they might look for alternatives.”
Most recently, the rising gold price has been driven by purchases from the BRICS states, Ardoino believes.
This is why Tether Relies on Switzerland as a Crypto Location
Tether has been involved in Switzerland for a few years now. The Swiss Confederation is an important location for the stablecoin issuer. Switzerland plays a special role in Europe among many EU member states.
For many years, the country has been characterized by its openness to crypto, which is supported by a favorable legal situation. Individual cantons and cities have already built up an international reputation through their years of commitment to cryptocurrencies – Lugano and Zug stand out here.
In Lugano, Tether has been building a close partnership with the Bitcoin initiative PlanB since 2022. The decision to also store the company’s gold reserves in Switzerland should therefore have been easy.
According to Ardoino, Tether currently stores a whole 80 tons of gold in Switzerland. The company does not entrust the precious metal to the custody of service providers, but operates the vault independently.
The costs would be much higher if an external service were entrusted with the safekeeping of the gold. The independent storage also makes it easier to adapt to a growing reserve.
