Tether Holdings is in discussions with Antalpha Platform Holding to raise at least $200 million to establish a digital asset treasury tool for its gold token, XAUt. This initiative aims to strengthen their collaboration on the Tether Gold project. On September 29, Antalpha announced plans to expand its partnership with Tether by setting up physical gold vaults in major global financial centers and offering collateralized lending services based on XAUt. Previously, Tether acquired an 8.1% stake in Antalpha.