Tether Cuts Gold Traders Months After Hiring Them From HSBC (2)

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.

The reason for their departure was not immediately clear. The pair arrived at Tether just as the company was completing a record year of gold purchases, buying more than almost ...