Tether Diversifies with Gold Investments: A New Chapter for Crypto Ecosystem

Tether, issuer of USDT, has made a historic move by diversifying beyond traditional asset holdings. They’re now actively investing in the entire gold sector, from mines to royalty companies. This initiative expands Tether’s reach and signifies a new era in the company’s history. The company recently secured a significant stake in Elemental Altus, a Canadian gold royalty firm. Their $82 million investment provides Tether with substantial control over the entire value chain of gold. 8.7 billion dollars in gold are currently stored in Switzerland to support their XAUt stablecoin. This latest move signifies Tether’s ambition to redefine its role within the crypto ecosystem as a tangible player, anchoring its digital empire to a traditionally reliable asset. Tether’s growing confidence is evident from their record-breaking issuance of XAUt tokens this past August, exceeding 1.3 billion dollars in market capitalization.