Tether, the world's largest stablecoin issuer, is continuing to bolster its safe-haven asset strategy by increasing investments in both Bitcoin and physical gold. The company has just acquired a significant stake in a Canadian gold company, demonstrating its commitment to both 'digital gold' and 'traditional gold.'
On Thursday, the company headquartered in #ElSalvador announced that it had purchased 78,421,780 common shares of Elemental Altus Royalties Corp., a gold royalty company listed on the Toronto Stock Exchange in Canada, through investment advisor La Mancha Investments S.à.r.l. Tether stated that it spent CAD 121.5 million (over USD 89 million) on these shares, accounting for 31.9% of the total shares issued and outstanding of Elemental.
The CEO of #Tether , Paolo Ardoino, asserted in a statement: 'Tether's increasing investments in gold and Bitcoin reflect our forward-looking strategy to build a more transparent and resilient financial system.' He added: 'Just as Bitcoin provides an optimal decentralized hedge against monetary inflation, gold continues to be a time-tested store of value.'
In a statement, Tether described its approach to accumulating both Bitcoin and physical gold as a 'two-pillar strategy.'
Tether issues USDT, the third largest cryptocurrency by market capitalization and often the most traded digital asset. The company's main cryptocurrency product is a stablecoin: a digital token that runs on several cryptocurrency networks and is pegged to the value of the US dollar.
To maintain the value of digital tokens in line with the dollar, Tether holds a reserve of dollars. Previously, USDT was primarily used by cryptocurrency traders to make transactions smoothly without the need for traditional banking. But Tether stated that USDT is now also used by those in emerging markets with weak currencies to access US dollars.
Tether also stated that it holds over 100,000 BTC worth USD 10.7 billion and nearly 80 tons of physical gold. Last month, at the Bitcoin 2025 conference, Ardoino affirmed that having gold in the investment portfolio is a good idea.
The company also has a gold-backed stablecoin – XAUT – with a market capitalization of over USD 833 million, according to CoinGecko. In April, Tether stated that it had over 7.7 tons of gold backing XAUT.