Strategic Partnership Bridges Gold and Blockchain
Tether has announced a strategic investment of $150 million to acquire a 12% stake in Gold.com, marking a significant move in expanding its tokenized gold offerings. Through this collaboration, Tether will integrate its gold-backed token XAUT onto the Gold.com platform, making it easier for global users to access tokenized gold assets.
Creating New Avenues for Gold Investment
The partnership also aims to explore mechanisms for purchasing physical gold directly using USDT and USAT, offering global investors more flexible and diverse investment options in precious metals.
Rapid Growth in Tokenized Gold
- The tokenized gold market has surpassed $5.5 billion in total value
- XAUT dominates the space with over 60% market share
- Each XAUT token is fully backed 1:1 by physical gold stored in Swiss vaults
In a related development, Tether has also invested in Anchorage Digital, a US-regulated crypto bank, to support the growth and adoption of USAT.