Tether has emerged as a major buyer of gold, accumulating over 116 tons that now back its stablecoins and tokens, contributing significantly to the recent gold price surge amid traditional drivers losing influence. This strategic move tightens supply and bolsters bullish sentiment in the precious metal market. Tether’s gold reserves reached a record $12.9 billion […] Source: https://en.coinotag.com/jefferies-suggests-tethers-gold-buying-may-fuel-recent-price-surge