Tether (USDT) buys $150 million stake in Gold.com to boost tokenized gold distribution
Tether acquired a $150 million stake in Gold.com to integrate its XAUT token and enable gold purchases using USDT.Summary
Tether, the issuer of USDT, has acquired a $150 million minority stake, equating to 12%, in Gold.com, a platform offering access to physical and tokenized gold. This strategic investment deepens Tether's involvement in the gold market, which is seeing increased investor interest amid global instability. As part of the partnership, Tether will integrate its gold-backed token, XAUT, into Gold.com's infrastructure. Furthermore, the companies plan to explore allowing customers to purchase physical gold using Tether's stablecoins, USDT and USAT. Tether's CEO, Paolo Ardoino, stated that gold exposure serves as a hedge and long-term allocation to protect users and the company. This move comes as the tokenized gold market has significantly expanded, with Tether's XAUT token currently dominating over 60% of that market.
(Source：CoinDesk)