Tether Acquires Significant Stake in Gold Royalty Firm, Signaling Hard Asset Backed Stablecoin Expansion

Tether Investments has made a strategic acquisition by purchasing approximately 31.9% of shares in Elemental Altus, a Canadian gold royalty company. This move signifies Tether’s commitment to strengthening its financial infrastructure through hard asset backing. The purchase brings Tether’s total investment in gold holdings to over 100,000 Bitcoin and nearly 80 tons of gold, solidifying its stablecoin reserves and demonstrating its ambition for a more resilient ecosystem.