Tether Buys Big Stake in Gold Firm to Strengthen USDT Stablecoin

USDT stablecoin issuer Tether has announced that it has bought 32% of a Canadian gold mining company, Elemental Altus Royalties Corp. Tether revealed that this move is part of its broader strategy to invest in diverse assets like gold and Bitcoin (BTC). The goal is to support and strengthen the value of USDT, which is gaining traction in the LATAM region . A New Step in Tether’s Investment Plan Announced on June 12, Tether confirmed that it has acquired 78,421,780 shares in Elemental Altus Royalties Corp. This Canadian-based company specializes in gold royalty streams. It allows investors to earn from gold production without being directly involved in mining. With this purchase, Tether wants to build stronger reserves that will give USDT more trust and stability. This deal also shows that the company sees gold as a safe and lasting investment. This news comes shortly after Tether’s CEO, Paolo Ardoino, said the company had already bought 50 tons of gold and 100,000 BTC. These steps show Tether is serious about protecting its stablecoin with strong, real assets. Tether Plans to Buy More Gold To Strengthen USDT Tether is not done with just the deal with Elemental Altus Royalties Corp. The company has also signed an agreement with another firm, AlphaStream Limited. This agreement allows Tether to purchase 34,444,580 shares after October 29, 2025. Notably, the purchase is subject to approval from Elemental. If this happens, it would help Tether grow its gold investments even more. Ardoino said Tether sees gold and Bitcoin as smart long-term investments. Bitcoin helps hedge against inflation , while gold offers stability in uncertain times. By investing these assets, Tether aims to keep USDT strong and reliable. Over the past year, both real-world assets have made significant returns, with more than 40% growth. These are the only two major assets that can perform this well. Bitcoin is now more popular than gold among U.S. investors for the first time ever. In December 2024, Fed Chair Powell even called Bitcoin “digital gold.” Tether Bets on Gold and Bitcoin for Stability Tether also supports Bitcoin by open-sourcing its Mining Operating System (MOS). This makes it easier for smaller miners to join and grow the Bitcoin network. Tether’s investments now include Tether Gold (XAUT), which is backed by real gold. By putting money into gold, Bitcoin, and digital tokens, Tether wants to build a strong and steady base. This plan shows that Tether is thinking ahead and wants to create a safer and more stable financial system for everyone. The post Tether Buys Big Stake in Gold Firm to Strengthen USDT Stablecoin appeared first on TheCoinrise.com .