Tether Boosts Gold Reserves as Coinbase Pushes Futures Amid Bitcoin Slump

Tether now possesses 130 metric tons of physical gold while Coinbase enhances its focus on futures trading as gold prices exceed $5,300 per ounce.

Tether has expanded its physical gold reserves, bringing its total to an impressive 130 metric tons. This strategic move coincides with Coinbase's efforts to promote futures trading as Bitcoin continues to struggle in comparison to gold, which has surged past the $5,300 per ounce mark.

As the crypto market grapples with a decline in Bitcoin's performance, Tether's accumulation of gold signifies a shift towards more stable assets. The precious metal's rise in value highlights a growing trend among investors looking for safe havens amid market volatility.