Tether Partners with Antalpha to Raise $200 Million USD for Global Gold Token Vault

Tether, the issuer of the USDT stablecoin, is collaborating with Antalpha Platform Holding (a Singapore financial services company linked to Bitmain) to raise at least 200 million USD. This capital will be used to establish a digital asset treasury company (DAT), specialized in buying and storing #XAUT , a gold token issued by Tether and backed 1:1 by physical gold.

Ambition for Gold Tokenization and Massive Valuation

This plan comes amid continuously rising gold prices and increasing demand for asset shelter, aiming to reshape the gold tokenization market. Currently, the market capitalization of XAUT is approaching 1.5 billion USD, with approximately 250,000 XAUT (equivalent to over 7.66 tons of gold) in circulation.

Alongside the acquisition of gold tokenization, #Tether is also negotiating to raise 15-20 billion USD from strategic investors, with the goal of raising the company's valuation to around 500 billion USD. If successful, Tether will stand alongside global tech giants like OpenAI and SpaceX.

Strategic Relationship with Antalpha

The relationship between Tether and #Antalpha is being strengthened significantly. Tether acquired a stake in Antalpha when the company went public. Both parties are collaborating to implement lending services collateralized by XAUT. Soon, Antalpha plans to open vaults in major financial centers, allowing investors to directly exchange XAUT for physical gold, seamlessly connecting digital and tangible assets.