Tether invests $150 million to acquire a 12% stake in Gold.com to expand the issuance of gold token XAUT

XAUT3,4%

PANews February 6 News, according to Coindesk, Tether has invested $150 million to acquire a minority stake in Gold.com (GOLD), holding 12% of Gold.com. This further deepens its presence in the gold market. Gold.com is a platform that offers physical gold and tokenized gold trading. As part of the partnership, Tether will integrate its gold-backed token XAUT into Gold.com’s infrastructure. Earlier reports stated that Tether announced a $100 million strategic equity investment in Anchorage Digital.

View Original
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

Tether Engages Big Four Firm for First Full Audit

Tether engages a Big Four firm for its first full audit, reviewing its $184 billion USDT reserves, aiming to enhance transparency and financial reporting amid internal leadership changes. The audit covers digital and traditional assets, indicating a commitment to stringent scrutiny.

CryptoFrontNews2m ago

Tether and Circle Freeze $2.49 Million in Stablecoins at Iranian Exchange Wallex, Assets Urgently Transferred to BSC

Tether and Circle have blacklisted the Ethereum hot wallet of Iranian exchange Wallex, freezing approximately $117,000 in USDT and USDC. Wallex transferred $2.49 million in assets to another BSC address hours before the freeze, suggesting coordinated compliance enforcement by stablecoin issuers. This incident reflects increasingly strict regulatory scrutiny of cryptocurrency platforms associated with Iran.

GateNews2h ago

Tether Signs Deal with Big Four Accounting Firms, USDT Reserves Face Biggest Audit in History

Tether announces an agreement with the Big Four accounting firms to conduct a comprehensive audit of its USDT reserves, marking the largest-scale inaugural audit in financial market history and signifying significant progress in reserve transparency. This initiative will boost market confidence and promote stablecoin compliance and mainstream adoption.

GateNews2h ago

Tether Moves to Complete First Full Independent Audit With Big Four Firm

Tether has taken a major step toward what it says will be its first full independent financial statement audit, announcing a formal engagement with a Big Four accounting firm in a move that could reshape expectations around transparency in the digital asset sector. The company said the audit will b

BlockChainReporter3h ago
Comment
0/400
No comments