{"id":2919,"date":"2026-01-28T15:38:00","date_gmt":"2026-01-28T15:38:00","guid":{"rendered":"https:\/\/bondsandfonds.com\/index.php\/2026\/01\/28\/crypto-market-update-tether-amasses-massive-gold-reserve-in-switzerland\/"},"modified":"2026-01-28T15:38:00","modified_gmt":"2026-01-28T15:38:00","slug":"crypto-market-update-tether-amasses-massive-gold-reserve-in-switzerland","status":"publish","type":"post","link":"https:\/\/bondsandfonds.com\/index.php\/2026\/01\/28\/crypto-market-update-tether-amasses-massive-gold-reserve-in-switzerland\/","title":{"rendered":"Crypto Market Update: Tether Amasses Massive Gold Reserve in Switzerland"},"content":{"rendered":"<\/p>\n

<\/em>Here’s a quick recap of the crypto landscape for Wednesday (January 28) as of 9:00 a.m. UTC. <\/strong><\/p>\n

Get the latest insights on Bitcoin, Ether and altcoins, along with a round-up of key cryptocurrency market news.<\/p>\n<\/p>\n

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Bitcoin and Ether price update <\/h3>\n

Bitcoin (BTC)<\/strong> was priced at US$88,867.96, up by 2.0 percent over 24 hours. <\/p>\n<\/div>\n

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Bitcoin price performance, January 28, 2025.<\/em><\/p>\n

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Chart via TradingView<\/p>\n

Ether (ETH) <\/strong>was priced at US$2,990.46, up by 3.7 percent over the last 24 hours.<\/p>\n<\/div>\n

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Altcoin price update <\/h3>\n
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  • XRP (XRP)<\/strong> was priced at US$1.91, up by 2.3 percent over 24 hours.<\/li>\n<\/ul>\n
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    • Solana (SOL)<\/strong> was trading at US$126.72,<\/span> up by 2.9 percent over 24 hours. <\/li>\n<\/ul>\n<\/div>\n
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      Today’s crypto news to know <\/h3>\n

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      Tether amasses massive gold reserve in Switzerland<\/h4>\n

      Tether has quietly built what its CEO describes as the world\u2019s largest non-sovereign gold hoard, holding roughly 140 tons of bullion worth about US$23 billion in a high-security Swiss bunker. <\/p>\n

      In an interview with Bloomberg, CEO Paolo Ardoino said the company has been buying more than a ton of physical gold per week, a pace that places it among the most active buyers in the global bullion market. <\/p>\n

      Executives say the strategy is designed to harden Tether\u2019s balance sheet and hedge against fiat currency risk, particularly for its flagship stablecoin USDT and its gold-backed token XAUT. <\/p>\n

      Bullion traders note that sustained, price-insensitive buying of this scale can tighten supply and affect liquidity, especially when central banks and ETFs are also accumulating. <\/p>\n

      Critics, however, warn that concentrating so much physical gold in a single private entity adds a new layer of systemic and transparency risk. <\/p>\n

      South Dakota revives Bitcoin push<\/h4>\n

      A South Dakota lawmaker has reintroduced legislation that would allow the state to allocate up to 10 percent of certain public funds to Bitcoin, reviving a proposal that stalled last year. <\/p>\n

      Filed by Republican Representative Logan Manhart, the bill would permit exposure through direct holdings, regulated custodians, or approved exchange-traded products. It also sets out strict custody and security standards, including exclusive control of private keys, encrypted hardware storage, and regular audits. <\/p>\n

      The measure has cleared its first procedural hurdle and is now with the state\u2019s Committee on Commerce and Energy. <\/p>\n

      Similar initiatives have gained traction elsewhere, with several US states exploring or adopting crypto reserve strategies. <\/p>\n

      Paypal survey: large enterprises lead crypto payments adoption<\/h4>\n

      Crypto payments are moving closer to routine checkout, driven largely by big businesses, according to a new survey from PayPal (NASDAQ:PYPL) and the National Cryptocurrency Association. <\/p>\n

      The survey found that about 40 percent of U.S. merchants now accept cryptocurrency, rising to 50% among companies with more than US$500 million in annual revenue. <\/p>\n

      Merchants cited growing customer demand as the main driver, with most saying shoppers have asked about paying with crypto and expect to use it regularly. <\/p>\n

      Ease of use remains the key barrier: respondents said adoption would accelerate if crypto payments felt as simple as card transactions. <\/p>\n

      PayPal said this demand is shaping product design, as firms look to integrate crypto without disrupting existing checkout flows. <\/p>\n

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      Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.<\/strong><\/p>\n

      Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.<\/strong><\/p>\n

      <\/div>\n<\/p>\n
      This post appeared first on investingnews.com<\/div>\n

      <\/p>\n","protected":false},"excerpt":{"rendered":"

      Here’s a quick recap of the crypto landscape for Wednesday (January 28) as of 9:00 a.m. UTC. Get the latest insights on Bitcoin, Ether and altcoins, along with a round-up of key cryptocurrency market news. Bitcoin and Ether price update Bitcoin (BTC) was priced at US$88,867.96, up by 2.0 percent over 24 hours. Bitcoin price…<\/p>\n","protected":false},"author":1,"featured_media":2920,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-2919","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investing"],"_links":{"self":[{"href":"https:\/\/bondsandfonds.com\/index.php\/wp-json\/wp\/v2\/posts\/2919","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bondsandfonds.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bondsandfonds.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bondsandfonds.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bondsandfonds.com\/index.php\/wp-json\/wp\/v2\/comments?post=2919"}],"version-history":[{"count":0,"href":"https:\/\/bondsandfonds.com\/index.php\/wp-json\/wp\/v2\/posts\/2919\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bondsandfonds.com\/index.php\/wp-json\/wp\/v2\/media\/2920"}],"wp:attachment":[{"href":"https:\/\/bondsandfonds.com\/index.php\/wp-json\/wp\/v2\/media?parent=2919"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bondsandfonds.com\/index.php\/wp-json\/wp\/v2\/categories?post=2919"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bondsandfonds.com\/index.php\/wp-json\/wp\/v2\/tags?post=2919"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}