The foundational premise of the cryptocurrency sector was built on creating an alternative to fiat currency, a decentralized financial ecosystem free from the constraints of traditional central banking. Ironically, the architects of this digital liquidity are now stockpiling the oldest physical asset on earth.
Stablecoin issuer Tether recently bought about 14 metric tonnes of physical gold during the second quarter. This aggressive accumulation pushes Tether's total physical gold reserves past 146 metric tonnes, carrying a valuation near $18.8 billion.
