Tether, the issuer of the largest stablecoin by market capitalization, has acquired a 32% stake in Canada's Elemental Altus Royalties. The acquisition of 78,421,780 shares from La Mancha Investments cost Tether approximately $89.4 million. This move aligns with Tether's strategy to integrate stable assets like gold and Bitcoin into its ecosystem. By investing in Elemental, Tether gains exposure to global gold production through a royalty model, enhancing the transparency and stability of its digital financial products. Tether's CEO emphasized the company's commitment to building a resilient financial system for the future. This investment also strengthens Tether's gold-backed stablecoin, XAUt. Tether's recent investments in gold and Bitcoin reflect its forward-looking approach. The acquisition of Elemental Altus Royalties is part of Tether's broader investment strategy, following its profitable year and diversification into various assets. Read more AI-generated news on: https://app.chaingpt.org/news

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