Bloomberg | Tether CEO on Becoming a 'Gold Central Bank' and the James Bond Bunker

Tether CEO Paolo Ardoino sits down with Bloomberg to discuss the company's transformation into one of the world's largest non-sovereign gold holders. Tether has accumulated roughly 140 tons of gold valued at approximately $24 billion, with purchases stored in a former Cold War-era nuclear bunker in Switzerland. Ardoino explains the strategy of actively trading gold reserves to capture arbitrage opportunities, recruiting senior HSBC gold traders, and positioning Tether to compete with banking giants like JPMorgan and HSBC in the bullion market. The interview underscores the institutional scale at which XAU₮ now operates and reinforces the thesis that tokenized gold is bridging traditional bullion markets and digital asset infrastructure.