Stablecoin Giant Tether in Talks to Deepen Gold Investments Beyond $8.7B Reserves

Cryptonews
Cryptonews
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Tether, the company behind the world’s largest stablecoin USDT, is exploring deeper exposure to gold by investing directly across the metal’s global supply chain.

Key Takeaways:

  • Tether is expanding its gold strategy with investments across mining, refining, and trading.
  • The company has already poured over $200 million into gold royalty firm Elemental Altus.
  • CEO Paolo Ardoino views gold as a natural complement to Bitcoin, calling it “our source of nature.”

Tether has held talks with multiple mining and investment groups to back ventures spanning extraction, refining, trading, and royalty finance, the Financial Times reported, citing sources familiar with the matter.

The company already holds $8.7 billion in gold reserves stored in Zurich, used as partial backing for its tokens, but now appears to be eyeing physical gold investments on a...

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