Tether Invests $200 Million in Gold-Backed Token to Diversify Reserves

Tether is expanding its reserve strategy by investing $200 million to support a new gold-backed token called XAU₮. This move, in partnership with Antalpha, will diversify beyond USDT and Bitcoin, offering greater stability for institutional investors. 7.66 tons of gold currently back the XAU₮ token, signifying robust demand from the financial sector. This initiative aligns Tether’s strategic shift towards real-world assets, potentially impacting market liquidity dynamics.