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15h ago

Tether Deepens Gold Bet With Industry Talks and $100 Million Plan to Boost Elemental Stake

The stablecoin giant is using 2025 profits plus sizable bullion reserves to shift from tokenized exposure to direct stakes in producers, refiners, traders and royalty firms.

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Tether held talks to invest in gold mining: ft
Tether in talks to invest in gold miners as its gold reserves hit $8.7 billion
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Overview

  • Tether has held discussions about investments spanning gold mining, refining, trading and royalties, according to Financial Times reporting cited by multiple outlets.
  • The company plans to invest about $100 million more to increase its roughly one‑third holding in Elemental Altus Royalties, per a Bloomberg report referenced by Decrypt and Yahoo Finance.
  • Tether disclosed $8.7 billion in physical gold bars held in a Zurich vault in its Q2 2025 attestation, complementing its Tether Gold (XAUt) token backed 1:1 by bullion.
  • XAUt saw a surge in August with a single‑day mint of about $437 million that pushed its market capitalization above $1.3 billion, as gold prices hit record highs above $3,550 per ounce.
  • Talks have included Terranova Resources without resulting in a deal, and industry reactions range from welcoming new capital to skepticism about Tether’s strategy.