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Tether Buys $150 Million Stake in Gold.com to Boost Tokenized Gold
Key Takeaways
- Tether buys a 12% stake in Gold.com for $150 million and plans to expand access to XAUT on the platform;
- The gold-backed stablecoin market grows to $5.5B, with XAUT holding over 60% of the industry;
- Tether aims to make gold as easy to use as digital money by pairing physical backing with blockchain efficiency.
Tether
The agreement includes a $150 million purchase that gives Tether about 12% ownership of Gold.com. Both companies also plan to collaborate to add XAUT
They are also studying ways for customers to use digital currencies such as USD₮ and USA₮ to buy physical gold.
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Over the last year, the gold-backed stablecoin market expanded from about $1.3 billion to more than $5.5 billion as more investors sought on-chain assets they felt were safer. XAUT holds more than 60% of the total market in this category.
XAUT allows users to store, send, and redeem gold digitally while still keeping rights to the underlying metal. By bringing XAUT onto an established precious-metals platform, Tether hopes to connect tokenized gold with everyday use, not only with crypto markets.
Paolo Ardoino, CEO of Tether, explained that gold has remained a reliable way to preserve value during uncertain times. He said:
Our investment in Gold.com reflects a long-term belief that gold should be as accessible, transferable, and usable as modern digital money, without compromising on physical backing or ownership.
He added that XAUT was created to combine the stability of gold with the speed and convenience of blockchain technology.
Tether recently committed $100 million to Anchorage Digital through an equity investment. What did the company say? Read the full story.