Tether Hires HSBC Traders to Expand Gold Holdings

[chainsniff]

USDT stablecoin issuer Tether is doubling down on physical gold amid shifting global monetary trends. The company recently hired Vincent Domien and Mathew O’Neill, senior traders from HSBC with decades of metals experience, to manage and scale its bullion operations.

This move highlights Tether’s growing preference for hard assets over fiat-based instruments, signaling a strategic shift in how the stablecoin manages its reserves. With central banks worldwide diversifying away from the US dollar, Tether appears to be following a similar path in the private sector.

[alex10]

Bringing in HSBC traders shows Tether is getting serious about institutional-grade management.

[Abdul Khan]

Professionalizing gold operations could make XAUT far more competitive globally.