Tether Considering Large-Scale Gold Investment đ
Tether, the worldâs largest stablecoin issuer, is weighing a major move into the gold industry, according to the Financial Times.
> Tether has reportedly held talks about investing across the entire supply chain, from mining and refining to trading and royalties.
> CEO Paolo Ardoino hinted at the reportâs accuracy with a cryptic âstability maximalismâ comment on X.
> Tether already has exposure to gold through XAUT, backed by 7.66 tons of reserves stored in Swiss vaults, and through stake in Elemental Altus Royalties.
> Still, its rumored plan for deeper involvement has left mining and commodities executives baffled.
> The timing comes as gold hit a record $3,650 per ounce on Friday.
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