Tether Cuts Gold Traders Months After Hiring Them From HSBC

Tether Holdings SA has cut two senior precious metals traders just months after hiring them from HSBC Holdings Plc to create what it called “the best trading floor for gold in the world.”

Vincent Domien and Mathew O’Neill, recruited by the El Salvador-based stablecoin issuer as it built a gold hoard worth tens of billions of dollars, have both been let go, according to people familiar with the matter.