Stablecoin giant builds its own vault, holding 80 tons of gold reserves worth 8 billion USD.

According to reports, the CEO of a stablecoin issuer recently revealed in an interview that the company has its own vault in Switzerland, currently holding approximately $8 billion worth of gold, equivalent to 80 tons. For security reasons, the company did not disclose the specific location and establishment date of the vault.

The CEO stated that the company's decision to establish its own vault is primarily due to cost considerations. Paying fees to traditional precious metal vault operators is an expensive expense.

Currently, the company has become one of the largest gold holders in the world, aside from banks and nations. The gold held in its vault is valued at approximately $8 billion, which is roughly equivalent to the total value of precious metals and other commodities held by a large banking group. This figure has increased from the 50 tons previously disclosed by the company's CEO at a conference.

Gold reserves account for nearly 5% of the company's total reserves, primarily used to support the issuance of its gold tokens and serve as collateral for stablecoins.

The gold token issued by the company is a stablecoin anchored to physical gold, with each token representing 1 ounce of certified refined gold. Currently, this token is supported for use on two major blockchain networks.

In addition, the company has launched its own platform that allows users to use gold tokens as collateral to mint new synthetic US dollar stablecoins.

According to official data, the current circulating market value of the company's gold token is approximately 813 million yuan, corresponding to 7.66 tons of gold, which is 644 standard gold bars.

Compared to traditional gold, this gold token has the inherent advantages of cryptocurrency: it is easy to transport, easy to divide, can be traded around the clock, easily convertible, simple to store, and easy to verify. Holders can redeem the tokens for physical gold at any time, but must meet certain minimum redemption amounts and related fees.

Currently, multiple mainstream trading platforms have supported spot and leveraged trading of this gold token, with some platforms even offering perpetual contract trading with leverage up to 100 times.

It is worth noting that the company is not the first to put gold on the blockchain. Previously, an American fintech company issued a similar gold-backed digital asset, with each token also representing 1 ounce of certified gold. This asset is regulated by relevant U.S. regulatory agencies and is the world's first fully regulated gold-backed stablecoin.

Overall, as the regulatory environment changes in certain countries, the company is gradually turning its attention to emerging markets. Its long-accumulated reputation, strong asset reserves, and convenient storage methods all provide strong support for the promotion of its gold token globally.