Tether backs http:/Gold.com with $150M deal @Tether is investing $150 million to acquire a 12% stake in http:/Gold.com, partnering to integrate its XAU₮ gold token and expand access to both digital and physical gold. The collaboration will allow users to purchase physical gold using $USDT, aiming to bridge crypto rails with traditional precious metals markets. XAU₮ is backed by around 140 tonnes of physical gold and commands roughly 60% of the $5.5B gold stablecoin market, a clear push by Tether toward stability focused, real world assets.

From Twitter
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments