Tether Expands into Gold Industry
The post Tether Expands into Gold Industry appeared first on Coinpedia Fintech News
Tether is planning to expand its gold investments beyond holding $8.7 billion in gold bars. The company aims to invest in gold mining, refining, trading, and royalty businesses to strengthen its backing and diversify its assets. In June, Tether bought a $105 million stake in the Toronto-listed Elemental Altus royalty company and recently added $100 million more. CEO Paolo Ardoino said gold is safer than any currency and a natural complement to Bitcoin, signaling a bold future in gold-backed digital finance.
Read More
UK Trade Groups Push for Blockchain in UK–US Tech Deal
Rex-Osprey Launches XRP ETF Today
Tether Expands into Gold Industry
The post Tether Expands into Gold Industry appeared first on Coinpedia Fintech News
Tether is planning to expand its gold investments beyond holding $8.7 billion in gold bars. The company aims to invest in gold mining, refining, trading, and royalty businesses to strengthen its backing and diversify its assets. In June, Tether bought a $105 million stake in the Toronto-listed Elemental Altus royalty company and recently added $100 million more. CEO Paolo Ardoino said gold is safer than any currency and a natural complement to Bitcoin, signaling a bold future in gold-backed digital finance.
Read More
UK Trade Groups Push for Blockchain in UK–US Tech Deal