Tether Accumulates 140 Tons of Physical Gold in Swiss Vault
Tether Accumulates 140 Tons of Physical Gold in Swiss Vault
🏔️ Tether's Swiss vault
Tether is significantly expanding its gold holdings, purchasing 12 tons weekly according to CEO Paolo Ardoino. The company now stores approximately 140 tons of physical gold in a Swiss bunker, valued at $23.3 billion.
Key developments:
- Weekly purchases of 12 tons of gold
- Total holdings of ~140 tons stored in Switzerland
- Current valuation: $23.3B
- Hired former HSBC gold traders
- Represents one of the largest non-government gold reserves globally
The stablecoin issuer is quietly building substantial precious metal reserves while bringing in experienced traders from traditional finance. This strategic move diversifies Tether's treasury beyond its typical dollar-backed reserves.
Tether is leaning further into gold 🪙🌍 CEO Paolo Ardoino says Tether is buying 1–2 tons weekly, with ~140 tons stored in a Swiss bunker 🏔️ Now valued at $23.3B, with ex-HSBC gold traders hired as bullion plans quietly expand 💰📈
Bridgers Enables Cross-Chain Routing for Hyperliquid Native Token
Bridgers has added support for routing Hyperliquid's native token across multiple blockchain networks. **Key Features:** - Non-custodial execution through smart contracts - Aggregated liquidity for efficient routing - User-authorized transactions This integration follows Bridgers' recent expansion efforts, which include: - Support for SUI token with parallel execution capabilities - USDC routing on Hyperliquid network - Partnership with Kasplex for Kaspa ecosystem access - New UI designed for improved cross-chain navigation The platform now supports routing across 40+ blockchains with 600+ assets. [Access Bridgers](http://dapp.bridgers.xyz)
Coinbase Takes Over USDC Treasury on Hyperliquid as USDH Phases Out
**Coinbase becomes official USDC treasury deployer for Hyperliquid** Coinbase has assumed the role of official treasury deployer for USDC on the Hyperliquid network. This transition marks a significant infrastructure change for the platform's stablecoin operations. **Key developments:** - USDC on Hyperliquid has reached nearly $5B in value since its 2023 launch - The stablecoin has doubled in size year over year - Native Markets will phase out USDH stablecoin - Users can redeem USDH for USDC or fiat without fees during migration The expanded role could improve stablecoin liquidity and operational efficiency within Hyperliquid's ecosystem. The free redemption period aims to ensure a smooth transition for existing USDH holders.
🌉 Mantle Token Now Available for Cross-Chain Routing on Bridgers Platform
Bridgers has integrated support for Mantle ($MNT), enabling users to move the token across different blockchain networks. **Key Details:** - Mantle is an Ethereum Layer 2 network focused on scalability and reduced transaction costs - The integration uses smart contracts and aggregated liquidity for routing - Users maintain control through a non-custodial model where they authorize transactions - Access available at [dapp.bridgers.xyz](http://dapp.bridgers.xyz) **About Mantle:** - Built with modular architecture for on-chain finance applications - Utilizes advanced data availability solutions - Supported by significant treasury resources - Active in DeFi, staking, and institutional liquidity sectors The integration expands cross-chain accessibility for MNT holders seeking to move assets between networks.
RCON Token Now Available for Cross-Chain Routing on BRIDGERS Platform
**RCON token is now live on BRIDGERS**, enabling users to move the token across different blockchain networks. **Key features of the integration:** - Non-custodial execution means users maintain control of their assets - Smart contract-based routing handles the technical process - Aggregated liquidity pools facilitate transfers - Users authorize transactions directly from their own wallets The listing was announced earlier this month and is now accessible through the BRIDGERS platform at [dapp.bridgers.xyz](http://dapp.bridgers.xyz).
Block's Square Enables Lightning Bitcoin Payments for 1M US Merchants
Block's Square has integrated Lightning Network payments across approximately 1 million US merchants, enabling Bitcoin transactions with automatic USD conversion. **Key Features:** - Lightning Network payments auto-enabled for merchants - Instant BTC-to-USD conversion reduces volatility exposure - Peak adoption rate: one merchant activation every 8 seconds - NFC tap-to-pay functionality planned as next development phase The rollout represents a significant expansion of Bitcoin payment infrastructure in traditional retail, building on Square's October 2025 product launch that first allowed merchants to accept and convert Bitcoin sales.