Tether Launches $200 Million Tokenized Gold Treasury with Antalpha

Tether and Antalpha are collaborating to launch a new initiative: a $200 million tokenized gold reserve. This strategic move marks Tether’s entry into tangible asset-backed products, potentially bolstering the credibility of tokenized commodities. By partnering with Antalpha, a financial firm linked to Bitmain Technologies, Tether aims to raise funds for this gold-backed product, expanding its portfolio and reducing reliance on traditional cryptocurrencies.