[VanEck Digital Asset Strategy Director: Tether’s approximately US$86 billion portfolio is hedged with Bitcoin and gold] Golden Finance reported that Gabor Gurbacs, director of digital asset strategy at VanEck, a global asset management company, said on social media The portfolio (as of June 30, 2023) is hedged with Bitcoin and gold. In a short-term portfolio, a total allocation to Bitcoin, gold, and commodities of about 5-8% is a smart hedge against black swan events (eg: bank, central bank, and government failures).