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Tether has made a $150 million strategic investment in precious metals platform Gold.com, acquiring a roughly 12% stake as part of a broader push to expand access to both tokenized and physical gold.<\/p>\n
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The investment is aimed at strengthening XAU\u20ae, Tether\u2019s gold-backed digital asset, which is pegged to physical gold held in reserve. <\/p>\n
XAU\u20ae is one of the largest tokenized gold stablecoins in terms of market share, and the investment boosts its global credibility and distribution. <\/p>\n
As part of the partnership, Gold.com agreed to invest $20 million from the proceeds into XAU\u20ae, further aligning both firms\u2019 interests.<\/p>\n
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\u201cOur investment in Gold.com reflects a long-term belief that gold should be as accessible, transferable, and usable as modern digital money, without compromising on physical backing or ownership,\u201d said<\/a> Paolo Ardoino, CEO of Tether.<\/p>\n The news comes as Tether has been steadily accumulating bullion in secure Swiss vaults, buying more than a ton of gold each week to support its stablecoin and gold-backed products. Tether now holds approximately 140 tons of physical gold valued at about $23 billion.<\/p>\n Under the agreement, Tether will purchase approximately 3.37 million common shares at a discount to recent market prices and will be entitled to nominate a board member at Gold.com. <\/p>\n The companies also plan to explore commercial arrangements, including promoting Tether stablecoins on Gold.com\u2019s platform and enabling gold purchases with digital currencies such as USD\u20ae and USA\u20ae.<\/p>\n For context, Gold.com is a vertically integrated alternative assets platform that offers a broad range of precious metals, numismatic coins, and collectibles. Founded in 1965, the company operates across the U.S. and international markets.<\/p>\n