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A new polarization has begun in the global economy. Tether, the world's largest stablecoin (cryptocurrency) issuer, is challenging traditional central banks and gaining a monopoly on the gold market. A recent Bloomberg investigative report revealed that the crypto giant has stored 140 tons of gold worth about $24 billion in a secret nuclear bunker in the Swiss Alps.
Switzerland has about 370,000 nuclear bunkers, reminiscent of the Cold War, although they are rarely used now. However, one of these bunkers has now become one of the busiest gold reserves in the world. More than a ton of gold is being brought into this highly secure vault every week.