Tether Eyes Gold Sector with Major Investment Plans
Tether plans to expand into gold mining, refining, and trading as it boosts its $8.7B gold reserve backing.
- Tether plans deeper involvement in the gold industry.
- The firm holds $8.7B in gold reserves in Zurich.
- Gold seen as a complement to Bitcoin, says CEO.
Tether, the issuer of the world’s largest stablecoin USDT, is reportedly planning a major expansion into the gold industry. According to the Financial Times, the company is in discussions to invest in several areas of the gold supply chain, including mining, refining, trading, and royalties.
This move would be a significant step beyond just holding gold as part of its reserves. Tether already stores approximately $8.7 billion worth of gold in a secure vault in Zurich, Switzerland. This reserve is part of the backing for its popular stablecoin and represents the growing role of physical assets in supporting digital currencies.
In June, Tether took a concrete step toward this gold ambition by purchasing a $105 million stake in Elemental Altus, a Toronto-listed gold royalty and streaming company. This investment may be the beginning of a broader push to gain a foothold in the physical gold market.
A Safe Haven Strategy
Tether CEO Paolo Ardoino explained the rationale behind the move, stating that gold offers a more secure alternative to sovereign currencies. “Gold is safer than any sovereign currency,” Ardoino said, reinforcing his belief that the metal is a natural complement to Bitcoin.
While Bitcoin continues to be Tether’s core asset for long-term value and decentralized finance, the company seems to be diversifying its asset strategy to include traditional commodities like gold. This dual approach could strengthen Tether’s financial position and offer added confidence to USDT holders.
Tether’s Strategic Shift Could Impact the Market
If Tether successfully expands into gold mining and refining, it could have a major influence on both the crypto and commodities markets. With billions already invested and a growing appetite for diversification, Tether’s gold push is worth watching—especially for investors who view gold and Bitcoin as complementary hedges against fiat instability.
This move signals a blending of old and new financial systems, where blockchain-backed assets find stability in physical commodities.
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