according to Bloomberg, as the issuer of the world's largest stablecoin, Tether Holdings SA has its own gold vault in Switzerland, holding $8 billion worth of gold and aiming to expand its gold reserves.

The cryptocurrency company, headquartered in El Salvador, said it currently holds nearly 80 tons of gold. The majority of it is held directly by Tether, making it one of the largest gold holders globally outside of banks and countries.

Tether CEO Paolo Ardoino said, "We have our own gold vault. I believe it is the safest gold vault in the world." The facility is located in Switzerland, but for security reasons, the company refuses to disclose its specific location and establishment date.