The post Tether Fires Former HSBC Gold Traders Months After Bold Push Into Bullion appeared on BitcoinEthereumNews.com.

Tether hired Vincent Domien and Mathew O’Neill from HSBC in late 2025 and dismissed both within a few months. The company has accumulated around 140 tons of physical gold valued near 24 billion and stored in Switzerland. Tether planned to actively trade its gold reserves using arbitrage between physical and futures markets. Tether has dismissed two senior gold traders shortly after hiring them from HSBC. The decision comes as it expands into bullion markets. The company had earlier outlined strong plans in this sector. However, no official reason has been shared so far. Senior Hires Exit After Short Tenure Tether recruited Vincent Domien and Mathew O’Neill in late 2025. Domien previously led global metals trading at HSBC. O’Neill managed precious metals deals across several regions. Both brought long experience in traditional finance. At the time, their hiring signaled a serious move into gold trading. The company aimed to build a strong internal team. These roles were tied to long-term plans. They were expected to guide early operations. TETHER FIRES TOP GOLD TRADERS MONTHS AFTER HIRING THEM FROM HSBC Tether has fired two senior gold traders it poached from HSBC just months ago, abruptly reversing a strategy it once called central to its push into global bullion markets. In late 2025, Tether recruited Vincent… pic.twitter.com/qQytMOKhOX — Bitcoin News (@BitcoinNewsCom) March 31, 2026 However, both traders have now left within months of joining. Neither has commented on the situation publicly. Tether has also remained silent on further details. This has left the market with limited clarity. As a result, attention has shifted to Tether’s next steps. Market participants are watching for updates. The sudden exits have raised questions about internal strategy. Still, operations appear to continue as planned. Plans for a Global Gold Trading Operation Tether had announced plans to expand into…

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Filed under: News - @ April 1, 2026 5:24 am