Tether Plans 100 Million Gold Investment to Back XAUT

Key Highlights Tether invests over 100 million in gold mining and ￰0￱ stablecoin is backed by real gold reserves for ￰1￱ include Elemental Altus and mergers with ￰2￱ Expands Into Gold Mining With Over 100 Million in Investments Tether the issuer of the USDT stablecoin is making strategic moves in the gold mining industry planning over 100 million in investments

the Financial Times ￰3￱ company has held talks with multiple counterparties and aims to invest across the entire gold production chain from ore mining to trading and financing companies that purchase deposits to earn ￰4￱ Partnerships and Investments Tether previously invested $89 million in Elemental Altus a firm that finances gold mining companies in exchange for royalties and preferential terms for purchasing ￰5￱ September 4 Tether entered into a new agreement to purchase an additional $100 million in shares

while Elemental Altus merged with EMX expanding its operational ￰6￱ company has also maintained a significant reserve of real gold which serves as collateral for the XAUT stablecoin strengthening the stablecoin’s ￰7￱ these ambitious moves

Tether’s entry into the gold industry has been met with ￰8￱ insiders suggested the company “hardly has a strategy” and “just likes gold.” Tether also held discussions with Terranova Resources but the talks were ￰9￱ company has not publicly commented on these ￰10￱ This Matters Tether’s investments could reshape the gold mining and stablecoin landscape by: Strengthening XAUT collateral with real gold ￰11￱ influence across the gold production and trading ￰12￱ financial partnerships with key gold industry players.