Tether has acquired a 12% minority stake in Gold.com for $150 million to enhance the distribution of its gold-pegged token, XAUT. The partnership aims to integrate XAUT into Gold.com's infrastructure and explore the use of Tether's stablecoins, USDT and the newly launched USAT, for purchasing physical gold. The tokenized gold market has surpassed $5 billion, with XAUT holding over 60% market share.
Additionally, Tether announced an investment in Anchorage Digital to support the compliance development of USAT in the United States. This move aligns with Tether's strategy to expand its presence in the tokenized asset market amid rising gold prices.
Tether Invests $150M in Gold.com to Boost XAUT Distribution
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
