I just saw the data on Tether, their gold reserves have surpassed 23 billion dollars. What's interesting is that this amount has actually outpaced many countries in terms of physical gold holdings. Crazy, if you think about it seriously.

Jefferies just mentioned this, and it's definitely worth noting when we look at it from the perspective of trust in stablecoins. The continuous gold purchases seem to be a strategy to strengthen the backing of their USDT. With gold reserves more than 75 percent higher than last year, they are sending a pretty strong signal to the market.

It can't be denied, this shows how digital assets are starting to have a serious influence in the traditional financial world. If this keeps up, Tether's position will become even more solid in the eyes of institutional investors.