Tether Invests in Elemental Altus Royalties, Bolsters Gold-Backed Tokens

Tether Investments has taken a significant stake in Canadian-based Elemental Altus Royalties, acquiring approximately 31.9% of the company’s shares. This move signals Tether’s commitment to strengthening its Tether Gold initiative and leveraging gold as a tangible asset backing for digital tokens. The investment aligns with Tether’s long-term strategy to bolster its digital assets with real-world commodities like gold.