Tether has made a strategic move into the gold market by hiring top executives from HSBC's precious-metals division to establish a commodities desk. This initiative positions Tether as a direct competitor to traditional financial institutions in the commodities sector. Analysts believe this development could positively impact Bitcoin scaling projects, utility tokens linked to digital wallets, and high-beta layer-zero ecosystems. Notable cryptocurrencies to watch in this context include Bitcoin Hyper ($HYPER), Best Wallet Token ($BEST), and Polkadot ($DOT), each poised to benefit from Tether's expansion into commodities.