Tether's portfolio of around $860 billion is hedged with Bitcoin and gold.

Shri333

Gabor Gurbacs, Head of Digital Asset Strategy at global asset management firm VanEck, stated on social media platform X that Tether's portfolio of around $860 billion (as of June 30, 2023) is hedged with Bitcoin and gold. In the short-term investment portfolio, the total allocation to Bitcoin, gold, and commodities is approximately 5-8%, serving as a prudent hedge against black swan events such as bank failures, central bank issues, and government defaults.

Jiten171

This hedge is quite impressive.

chetan

That came for unknown reasons.