Tether invests $150M in Gold.com to expand tokenized gold
Cointelegraph reports that Tether's investment arm has acquired a $150 million stake, roughly 12%, in Gold.com to expand access to tokenized gold and to integrate Tether Gold (XAUt) into Gold.com's platform. Gold.com is a publicly listed online marketplace that sells gold and other precious metals, including to the US market.
Tether and Gold.com are exploring options to enable customers to purchase physical gold using Tether’s stablecoins USDt (USDT) and USAt, the latter of which was launched with Anchorage Digital on Jan. 27. Tether CEO Paolo Ardoino said gold has preserved value through periods of monetary stress and geopolitical uncertainty, calling gold exposure a hedge and long-term allocation to protect users and the company.
Ardoino added the investment reflects a belief that gold should be as accessible, transferable and usable as modern digital money without compromising physical backing or ownership.
United States