Tether Invests Heavily in Gold: Acquires 32% Stake in Canadian Royalty Firm

Tether, the company behind the world’s largest stablecoin USDT, has significantly expanded its gold investment strategy. It acquired a 31.9% stake in Elemental Altus Royalties Corp., a Canadian gold royalty firm, as part of a larger shift towards tangible assets. This move reflects Tether’s goal of strengthening its backing for the USDT stablecoin and diversifying its investment portfolio beyond just Bitcoin.