CryptoSlate
Tether hired top HSBC gold traders, then cut them weeks before auditors arrive
Paolo Ardoino said that Tether wanted to allocate 10% to 15% of its $20 billion proprietary investment portfolio to physical gold. Two days later, Tether reported more than $10 billion in profit for 2025 and $6.3 billion in excess reserves. The company had already poached two precious metals traders from HSBC to build what Ardoino [ ]
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