#Tether Grabs 32% Stake In Gold Mining Firm As Latest Hedge

Tether has acquired a 31.9% stake in Canadian gold mining firm Elemental Altus Royalties Corp., purchasing 78,421,780 shares.

Highlights

Tether's investment in gold mining comes as part its strategy to diversify investments and strengthen USDT reserves.

This investment aligns with Tether’s broader approach of integrating gold and Bitcoin into its portfolio

Tether CEO Paolo Ardoino revealed the company's acquisition of 50 tons of gold and 100,000 Bitcoins.

With both Bitcoin and gold delivering over 40% returns in the past year, Tether's dual investment reflects smart diversification.

USDT stablecoin issuer Tether announced purchasing a massive 32% stake in Canada-based Gold mining firm Elemental Altus Royalties Corp, as part of the company’s latest hedge and diversifying it investments across asset classes. The stablecoin firm is aggressively expanding its investments both into Bitcoin and Gold in recent months. This investment comes with the company’s goal of solidifying its reserves and backing for the USDT stablecoin.