Tether has taken a 12% stake in Gold.com (GOLD) to expand the distribution of its gold-backed token XAUT. The investment positions Gold.com to offer both physical and tokenized gold, with XAUT integrated into its infrastructure. The partnership also envisions enabling purchases of physical gold using Tether’s USDT and its recently launched U.S.-regulated stablecoin, USAT.
The tokenized gold market has grown to more than $5 billion, driven by rising gold prices, and XAUT accounts for a substantial share of that market. The broader market for blockchain-based gold tokens has expanded from about $1.3 billion to more than $5.5 billion. XAUT is backed one-to-one by physical gold held in Swiss vaults.
Tether disclosed an investment in Anchorage Digital to bolster its U.S.-regulated stablecoin, USAT. “Gold has played a central role in preserving value for centuries, particularly during periods of monetary stress and geopolitical uncertainty,” said Paolo Ardoino, CEO of Tether. “Gold exposure is not a trade for Tether,” he added. “It is a hedge and a long-term allocation to protect our user base and ourselves in a world that is becoming increasingly unstable.”
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