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Paolo Ardoino, CEO of Tether, denied rumors of selling Bitcoin to invest in gold, stating Tether continues to invest in safe assets like Bitcoin, gold, and land. YouTuber Clive Thompson’s claim was debunked by CEO Samson Mow, who explained Tether actually increased its Bitcoin holdings. Tether has been diversifying into gold, investing in gold mining firms and issuing the gold-backed stablecoin Tether Gold (XAUT).
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