Tether plans to make additional investments in Elemental Altus, and XAUT's market value exceeds US$1.35 billion and continues to hit a new high

According to ChainCatcher, Tether plans to make additional investments in gold royalty listed company Elemental Altus, in addition to negotiating a gold mining investment vehicle Terranova Resources, a British Virgin Islands, but no deal has been reached. Tether acquired nearly 32% of Elemental Altus in June this year, aiming to integrate long-term and stable assets such as gold and Bitcoin into its ecosystem. According to the latest data from Coingecko, the market value of the gold-backed crypto token XAUT operated by Tether has exceeded US$1.35 billion, currently hitting US$1,351,783,809, a record high, with circulating supply of 375,572 pieces, and trading volume in the past 24 hours reached US$181,857,137. Previous news, Tether is in talks about investing in gold mining and currently holds $8.7 billion worth of gold reserves.