Tether, the stablecoin issuer, has acquired a 12% possession place in Gold.com for $150 million, deepening its growth into the tokenized gold ecosystem.
The funding establishes a long-term partnership to combine XAU₮, Tether’s gold-backed digital asset, into Gold.com’s distribution channels and discover new on-ramps connecting bodily gold and digital currencies.
The announcement comes as gold just lately surged to a report excessive above $5,500 per ounce in late January earlier than retracing roughly 15%, buying and selling round $4,700 at press time.
The gold-backed stablecoin market has tripled over the previous yr to $5.5 billion, with XAU₮ now holding over 60% market share and $2.4 billion in circulation, overtaking PAXG for the highest spot within the class.
In line with Tether, XAU₮ is totally backed by allotted bodily gold held in safe vaults, with day by day attestations and issuance below El Salvador’s Digital Asset Issuance Regulation. Every token represents one fantastic troy ounce linked to a London Good Supply bar, with backing totaling roughly 140 tonnes of gold.
CEO Paolo Ardoino emphasised that the transfer displays long-term technique, not hypothesis.
“Gold publicity will not be a commerce for Tether; it’s a hedge and a long-term allocation to guard our person base and ourselves in a world that’s turning into more and more unstable,” he mentioned. “XAU₮ was constructed with that precept in thoughts, combining the resilience of gold with the effectivity of blockchain-based settlement.”
The partnership additionally alerts Tether’s push to bridge crypto-native and conventional finance, providing entry to gold in real-world retail and institutional contexts.
The companies are exploring the usage of USD₮ and USA₮, Tether’s flagship and newly regulated dollar-backed stablecoins, for gold purchases.
