Tether is exploring investment opportunities within the gold mining industry, eyeing various segments of the supply chain such as mining, refining, trading, and royalty companies. The cryptocurrency issuer has been engaged in negotiations with several firms specializing in gold mine investments involving royalties. These deals involve investing in mines to receive a percentage share of future revenue. Tether is actively exploring further royalty agreements, including its continued investment in Elemental Altus, a Toronto-based gold royalty company. Previous talks with Terranova Resources, a gold mining firm based in the British Virgin Islands, did not result in an agreement. Beyond potential royalties, Tether operates the XAUt cryptocurrency token, backed by physical gold, boasting a market capitalization of $880 million. This initiative plays a significant role in commodity trade financing by providing short-term loans for raw materials shipments. Tether’s trading book reportedly reaches billions of dollars, while its vaults in Zurich, Switzerland store $8.7 billion worth of gold to secure its stablecoin reserves. In June of this year, Tether Investments acquired a minority stake in Elemental Altus, a Toronto-listed gold royalty company, for $105 million.