Tether Eyes Gold Mining Investments as Reserves Climb to $8.7 Billion

Tether, the company behind the world’s largest stablecoin USDT, is strengthening its ties to ￰0￱ reserves now reaching $8.7 billion stored in a Swiss vault, the firm is in talks to invest directly in gold mining, refining, and royalty ￰1￱ company has already committed tens of millions to royalty group Elemental Altus and is exploring further deals, including potential partnerships with Terranova ￰2￱ Paolo Ardoino has described gold as “natural bitcoin,” seeing it as a stable and tangible counterpart to digital ￰3￱ everyone in the industry is ￰4￱ gold executives remain skeptical of Tether’s approach, calling the company unusual and questioning its long-term strategy.

Still, Tether continues to use its large profits to push deeper into commodities and ￰5￱ gold-backed token, XAU₮, has a relatively small market value of under $880 million , but the firm’s flagship USDT remains dominant with a market capitalization of about $168 ￰6￱ billions in annual profit, Tether’s push into physical gold marks a bold step in blending traditional resources with digital finance.