Tether Bets on Gold: Could This Signal a New Stablecoin Era?

Tether, the world’s largest stablecoin issuer, is expanding aggressively into the gold industry. Beyond running its gold-backed stablecoin XAUt, the company has opened talks with gold mining and investment groups and has already acquired a 38% stake in gold royalty company Elemental Altus Royalties Corp., with the option to increase its ownership above 50%, according to a Financial Times report.  The company is exploring further deals across gold mining, refining, trading, and royalties. CEO Paolo Ardoino has long praised gold as a safer, more reliable asset than national currencies, going so far as to call it “natural Bitcoin.”  Tether

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