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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.

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Tether Buys $150 Million Stake in Gold.com to Boost Tokenized Gold

Tether USDT $0.9946 Investments has taken a new step into the gold market by securing a minority stake in Gold.com.

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 XAUT $4,788.30 , Tether’s gold-backed digital token, to Gold.com’s platform.

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.

Aaron S. Editor-In-Chief
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.

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