Tether to Invest Crypto Profits in Gold Mining Companies
Tether, the issuer of the stablecoin USDT, is exploring investments in gold mining companies to utilize its crypto profits. The company aims to invest across the entire gold supply chain.
Key points:
- Gold has outperformed Bitcoin with 37% gains year-to-date compared to Bitcoin's 22%.
- Tether reported $5.7 billion in profits in H1 2025 and holds $168 billion in market cap for USDT.
- Tether’s CTO, Paolo Ardoino, advocates for gold as a safer asset and calls it a “natural Bitcoin.”
- Tether already owns $8.7 billion in gold bars stored in Zurich.
- Industry skepticism exists regarding Tether's strategy in the gold sector.
- The move follows the hiring of former Trump crypto official Bo Hines as a strategic advisor.
- Tether previously invested $105 million in Elemental Altus, a gold royalty firm.
- Discussions with Terranova Resources did not result in an agreement.
- Tether also operates XAUt, a crypto token backed by gold, with a market capitalization of $880 million.