Tether Acquires 12% Stake in Gold.com for $150M
- Tether has acquired a 12% stake in Gold.com for $150 million, expanding its presence in the tokenized gold ecosystem.
- The investment aims to integrate XAU₮, Tether’s gold-backed digital asset, into Gold.com’s distribution channels.
- The gold-backed stablecoin market has tripled to $5.5 billion over the past year, with XAU₮ holding over 60% market share and $2.4 billion in circulation.
- XAU₮ is fully backed by allocated physical gold held in secure vaults, totaling roughly 140 tonnes of gold.
- CEO Paolo Ardoino stated that this move is a long-term strategy to hedge against global instability.
Tether’s acquisition of a stake in Gold.com highlights its strategic expansion into the tokenized gold sector, leveraging its leading position with XAU₮ and integrating it into broader financial contexts. This aligns with Tether’s goal of bridging crypto-native and traditional finance sectors using assets like stablecoins.
Source (3.2)https://cryptobriefing.com/tether-gold-investment-strategy/?rand=59535
