Tether is in talks about investing in gold mining and currently holds $8.7 billion worth of gold reserves

Huobi HTX reported that according to the Financial Times, Tether is in talks about investing in gold mining. The company plans to invest in all aspects of the gold supply chain, including mining, refining, trading and concession companies. Tether currently holds $8.7 billion worth of gold reserves in the Zurich vault in Switzerland as collateral for its stablecoins.