Tether plans to invest in gold mining and has held $8.7 billion in gold reserves
Source: Binance
Time: 2025-09-05 12:14:14
According to Shenchao TechFlow, on September 5, Tether was negotiating investment in gold mining, planning to invest in all aspects of the supply chain, including mining, refining, trading and concession companies. Currently, Tether holds $8.7 billion worth of gold reserves in the Swiss vault as collateral for its stablecoins. In June, Tether Investments has spent $105 million to acquire a minority stake in Toronto-listed gold concession Elemental Altus. Tether CEO Paolo Ardoino said gold should be safer than any sovereign currency and can be used as a supplement to Bitcoin.