Tether acquires 12% stake in Gold.com in $150M strategic investment
Tether invested $150 million for a 12% stake in Gold.com to expand its gold-backed stablecoin ecosystem, XAU™.Summary
Stablecoin issuer Tether has made a strategic $150 million investment to acquire a 12% ownership stake in Gold.com, solidifying its expansion into the tokenized gold sector. This partnership aims to integrate Tether's gold-backed digital asset, XAU™, across Gold.com's distribution channels and develop new connections between physical gold and digital currencies. The move occurs as the gold-backed stablecoin market has tripled to $5.5 billion, with XAU™ now commanding over 60% market share. Tether CEO Paolo Ardoino stated the investment is a long-term hedge against global instability, combining gold's resilience with blockchain efficiency. The firms are also exploring using Tether's dollar-backed stablecoins, USD™ and USA™, for gold purchases.
(Source：Crypto Briefing)