Tether is negotiating investment in gold mining, currently holding $8.7 billion worth of gold reserves

According to BlockBeats, on September 5, 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 Swiss treasury of Zurich as collateral for its stablecoins. In June this year, Tether Investments has spent $105 million to acquire a minority stake in Toronto-listed gold concession Elemental Altus.