With a market capitalisation of $120 billion, details about the reserves of Tether, the company behind USDT, by far the largest stablecoin, have emerged. Company CEO Paolo Ardoino clearly revealed the figures at the Plan B event in Lugano.

Ardoino also gave details about the reserves of the Tether company in his speech, in which he emphasised the importance of Bitcoin and gold in terms of protection against ‘inflation and chaos’. Ardoino said the company holds 82 thousand BTC and 48 tonnes of gold.

“The best protection for chaos”

In his speech at this event in Lugano, which he attends every year, Ardoino described this asset basket as ‘the best protection against chaos’.

The famous CEO also stated that the company also has more than $100 million worth of US bonds on X.

As it is known, Tether has been buying Bitcoin for about 2 years with 15% of its quarterly profit.

On Friday, the Wall Street Journal, one of the US media, reported that prosecutors affiliated with the US Department of Justice had launched an investigation into the Tether company, but CEO Ardoino denied these allegations.