Tether Invests in Gold Royalty Firm, Expanding Stable Asset Options

Tether has made a strategic investment in Elemental Altus, a Canadian gold royalty company listed publicly. This move seeks to integrate long-term stable assets like gold and Bitcoin within Tether’s ecosystem. The company acquired 78.4 million shares of Elemental, representing approximately 31.9% of the firm’s outstanding stock. This transaction was concluded privately offshore, according to Foresight News.