Tether Plans Gold Mining Investments as Reserves Reach $8.7 Billion
Tether is increasing its investments in gold, with reserves of $8.7 billion stored in a Swiss vault. The company is negotiating direct investments in gold mining, refining, and royalty businesses.
- Tether has committed tens of millions to royalty group Elemental Altus.
- Potential partnerships are being explored with Terranova Resources.
- CEO Paolo Ardoino views gold as a stable counterpart to digital assets.
Despite skepticism from some gold executives regarding Tether's strategy, the company continues to expand into commodities and tokenization. Its gold-backed token, XAU₮, has a market value under $880 million, while the USDT market capitalization stands at about $168 billion.
Tether's move into physical gold represents a significant intersection of traditional resources and digital finance.