Major gold holder quietly lends $1.5 billion to top U.S. dealer

Tether is no longer just a crypto giant; it has become a massive shadow bank for the physical gold market. By lending $1.5 billion to Gold.com, Tether now accounts for the majority of that major U.S. dealer's outstanding leases. A single stablecoin issuer is effectively bankrolling the American bullion trade, creating a massive dependency on a private crypto firm. Is it dangerous for the gold market to be this reliant on Tether? What’s your take?
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