Tether Invests in Gold: A New Chapter for the Company’s Diversification Strategy

Tether, a leading stablecoin issuer, is exploring investments in the gold industry to diversify beyond its digital asset focus. According to recent reports from the Financial Times, the company is considering direct investments spanning mining, refining, trading, and royalty activities. This move positions Tether to solidify its connection to one of history’s oldest stores of value while expanding its role into physical markets. The company already holds around $8.7 billion in gold reserves within a Zurich vault for backing its USDT stablecoin. Earlier this year, Tether acquired a substantial stake in Elemental Altus, a Toronto-based gold mining and royalties firm. These actions signify a growing belief that gold offers stability alongside Bitcoin as a hedge against volatility and inflation. 💰 📈 🌎