Tether Invests in Gold Royalty Firm, Diversifying into Traditional Finance

Tether, the issuer of the world’s largest stablecoin, has made a strategic move into the traditional finance sector. The company has acquired a 31.9% stake in Elemental Altus Royalties Corp., a gold-focused royalty company. This investment signifies Tether’s foray into mining finance through a royalty model, offering exposure to gold price fluctuations and revenue streams independent of its core stablecoin operations.