Tether Quietly Lends $1.5 Billion to Top US Bullion Dealer
Tether has emerged as a major player in the gold lending market by quietly lending $1.5 billion to top U.S. dealer Gold.com.
This move makes Tether the majority owner of Gold.com's outstanding leases, creating a massive dependency on a private crypto firm.
The significance of this development is that a single stablecoin issuer is effectively bankrolling the American bullion trade.