Tether Invests in Gold Sector as Stablecoin Giant Seeks to Diversify

Tether, the issuer of the $175 billion USD-pegged stablecoin USDT, is exploring investments across the gold supply chain. The company aims to utilize a portion of its multibillion-dollar profits for expansion into this sector, according to a Financial Times (FT) report citing sources familiar with the matter. Tether’s efforts include acquiring stakes in companies involved in mining, refining, trading, and royalty operations across the entire gold supply chain.