Tether Expands Gold Portfolio: Diversifying Investments in Supply Chain

Tether, a leading stablecoin company, is increasing its gold reserves and diversifying its investment portfolio. The company is engaging with mining firms and investment groups to explore capital investments across various segments of the gold supply chain, ranging from mining activities to gold trading and royalty companies. This strategic move aims to lessen reliance on traditional treasury-based reserve strategies and boost stability for Tether Gold, a stablecoin backed by physical gold with a market cap of $1.4 billion.