Tether is a major financier for Goldcom, a US precious metals dealer, with ~$1.5B in credit. Tether's financing makes up most of Goldcom's ~$1.7B in outstanding precious metals leases. Tether also owns 13% of Goldcom.
Tether holds ~146 tons of gold (~$20B). They're exploring ways to earn yield from these holdings, like gold leasing. A recent $100M gold lease agreement yields 1.75% annually, significantly lower than Goldcom's bank credit costs (~6%). This strategy aims to generate income from Tether's gold reserves.
#crypto #blockchain #news
Blockchain Report
npub1cg…nmysr
2026-09-16 20:53:57 GMT
Author Public Key
npub1cg2ejqexhx88llcve0yxts2exv5q9k0a88l69q0vp7y5n0f2xyfscnmysrPublished at
2026-09-16 20:53:57 GMTEvent JSON
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"pubkey": "c215990326b98e7fff0ccbc865c159332802d9fd39ffa281ec0f8949bd2a3113",
"created_at": 1789592037,
"kind": 1,
"tags": [],
"content": "Tether is a major financier for Goldcom, a US precious metals dealer, with ~$1.5B in credit. Tether's financing makes up most of Goldcom's ~$1.7B in outstanding precious metals leases. Tether also owns 13% of Goldcom.\n\nTether holds ~146 tons of gold (~$20B). They're exploring ways to earn yield from these holdings, like gold leasing. A recent $100M gold lease agreement yields 1.75% annually, significantly lower than Goldcom's bank credit costs (~6%). This strategy aims to generate income from Tether's gold reserves.\n\n#crypto #blockchain #news ",
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}