Tether Identified as Major New Driver Behind Gold Price Surge
Investment bank Jefferies suggests that the recent significant surge in gold prices cannot be fully explained by traditional market factors. Instead, they point to Tether, the issuer of the largest stablecoin (USDT), as a major new source of demand. Key Findings on Tether’s Gold Accumulation: Substantial Holdings: Based on attestation data and on-chain activity, Jefferies … Read more