Authored by Danny Park via TheBlock.co,Tether CEO Paolo Ardoino told Bloomberg that he expects the company to become one of the largest gold central banks in the world. Tether CEO Paolo Ardoino said the stablecoin giant is on track to become one of the largest gold central banks in the world and plans to actively trade its reserves, Bloomberg reported Tuesday. Entering the trading arenaMoving beyond simple reserves, Tether aims to take on banking giants JPMorgan and HSBC by entering the gold trading arena. “We are soon becoming basically one of the biggest, let’s say, gold central banks in the world,” Tether CEO Paolo Ardoino said. It also issues Tether Gold (XAUT), which holds over 50% share of the gold stablecoin market with a $2.62 billion market capitalization.