As the chaotic dance of global finance spins faster, a stablecoin juggernaut with the glint of gold ambition poaches two of the finest minds from a banking empire! Why? 💡
- Tether plays the gold card, summoning two of those swift-footed HSBC top brass.
- HSBC: custodian of an immense treasure of gold, more hidden perhaps than Al Capone’s stash.
- The stablecoin issuer, ever so coy, boasts over $12 billion swelling in the veins of physical gold.
On a chilly day, November the 11th, Tether proclaimed the acquisition of wisdom from two of HSBC’s keenest tradesmen. Behold, Vincent Domien, the metal-maneuvering maestro of HSBC, and his companion, Mathew O’Neill, the knight of precious metals in linguist-friendly locales. They venture forth to enlarge the coffers of gold, which presently contain $12 billion.
The bullion forms the bedrock for the enigmatic Tether Gold (XAUT) token, with a market cap that’s remarkably hairier than a sumo wrestler at $1.56 billion. The rest lubricates the wheels that hold up the faithful USDT.
Tether and the Gold Rush Chronicles
The goldfingers of Tether hungrily collect an average of 1 metric ton of gold per week. Bloomberg chimes in with a rumor: Tether might just be the wealthiest non-national goldie with fingers in too many pies. So, appropriating HSBC chessmasters appears well-suited for this audacious aim.
HSBC guards a vault so mighty in London, it could contain Noah’s entire ark. The bank is also a silver-tongued sorcerer in spot gold, futures, swaps, and options. Moreover, it pioneers the tokenized gold escapade since 2024.
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2025-11-12 04:28