Tether, the issuer of the largest stablecoin $USDT, plans to invest its cryptocurrency profits in gold mining. According to Financial Times, the company is considering opportunities across the entire gold supply chain: from mining to processing, trading, and royalty companies. Tether, which holds gold bars worth $8.7 billion in Zurich, aims to expand its presence in this sector. In 2025, gold increased by 37%, surpassing the growth of Bitcoin (22%), making it an attractive asset.
Tether's CEO Paolo Ardino calls gold the "natural bitcoin," considering it a reliable asset alongside digital currencies. The company has already invested $205 million in the royalty company Elemental Altus, including $100 million in the recent merger with EMX Royalty. Tether also offers the $XAUt token, pegged to gold, with a market capitalization of $880 million. However, in the traditional mining sector, Tether's initiatives face skepticism due to the lack of a clear strategy.
This move reflects the trend of integrating cryptocurrencies with traditional assets, which could change market dynamics. For the latest news, subscribe to #MiningUpdates
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