Tether CEO Paolo Ardoino has issued a statement denying rumors that the company sold its Bitcoin assets in favor of gold.
CEO's Response
Paolo Ardoino refuted claims that Tether sold its Bitcoin holdings for gold, confirming that such rumors are untrue. In his statement, Ardoino said:
> "We buy and hold both." CITE_W_A
Bitcoin and Gold in Tether's Reserves
Tether has long been recognized for its diversified reserve strategy, which includes Bitcoin, gold, cash equivalents, and other assets. Despite circulating speculations, there has been no official indication of any divestment from Bitcoin, even amidst rising market activities and gold's increasing relevance in uncertain economic circumstances.
Commitment to Transparency at Tether
Tether has faced scrutiny in the past regarding the composition and security of its reserves. Recently, the company has taken steps to enhance transparency, including regular attestations and improved public communication through executives like Ardoino. This firm denial reinforces Tether’s message of stability and commitment to both assets.
The CEO's statement reaffirms Tether's position of holding both Bitcoin and gold, enhancing trust among investors through transparent communications.
