Overview

• Bloomberg-sourced reports say Tether is working with Antalpha to raise at least $200 million for a new digital-asset treasury focused on Tether Gold (XAUt).
• The planned vehicle would accumulate XAUt backed by bars held in Swiss vaults and expand on-chain lending, custody and physical redemption services.
• Earlier this week the partners outlined a dedicated hub for XAUt-backed loans and redemptions, with vaults proposed in major financial centers to facilitate conversions into physical gold.
• Company data shows XAUt’s market capitalization near $1.46 billion, supported by 966 bars totaling 11,693.4 kilograms, with roughly $1.01 billion worth of tokens in circulation.
• Tether’s June attestation lists $8.7 billion in physical gold holdings and the firm holds an 8.1% stake in Antalpha, while the new fundraising has not been announced as closed.