Tether is a giant in crytocurrency, an industry that Nigel Farage believes the UK should be embracing.

In fact, the single biggest buyer of the precious metal last year was a company you've probably never heard of – a crypto firm called Tether. The El Salvador-based company runs USDT, the world's biggest stablecoin, which is a form of crypto backed up by hard currency. It serves as a conduit between riskier, volatile cryptocurrencies and the conventional finance system, essentially used as an offshore dollar. Yet Tether bought more gold last year than anyone, according to European Central Bank data. It keeps it stored in a James Bond-style Swiss former nuclear bunker, according to Tether's boss. Tether says it also owns as much US Government debt as some G20 nation states, some $135bn (£101bn), which is more than South Korea. It is a huge player, almost taking on the characteristics of a private central bank. Yet it employs just 200 people. It is also, perhaps inadvertently, entangled in the questions around the funding of Nigel Farage's Reform party.