Tether buys $150 million stake in Gold.com to boost tokenized gold distribution
Yahoo Finance·2026-02-06 05:52
Tether, issuer of the world's most popular stablecoin (USDT), has acquired a $150 million minority stake in Gold.com (GOLD), deepening its push into the gold market just as the yellow metal gains traction with investors seeking stability in volatile times. The investment, announced on Thursday in a blog post, gives Tether a 12% stake in Gold.com, a platform that enables access to both physical and tokenized gold. As part of the partnership, Tether will integrate XAUT, its gold-backed token, into Gold.com’ ...