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Tether expands precious metals ambitions as gold demand fuels digital boom
Growing economic and geopolitical uncertainty has propelled gold prices to record highs this year, and the insatiable appetite for the yellow metal is now spilling into the digital realm. Tether Holdings, already the largest holder of gold outside official reserves, is capitalizing on this momentum with a significant expansion of its precious metals team. According to reports, the cryptocurrency firm plans to hire two of the world’s most senior precious metals traders from HSBC Holdings. Anonymous sources say Vincent Domien, HSBC’s global head of metals trading, will join Tether in the coming months, alongside ... (full story)
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