Tether invests $150 million in Gold.com to boost tokenized gold distribution

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Odaily Planet Daily reports that stablecoin issuer Tether announced the acquisition of approximately 12% minority stake in Gold.com for $150 million to expand its gold-backed token XAUT distribution channels. The two parties plan to integrate XAUT into Gold.com infrastructure and explore the use of USDT and its newly launched US compliant stablecoin USAT to purchase physical gold. Driven by rising gold prices, the tokenized gold market size has exceeded $5 billion, with XAUT accounting for over 60%. Additionally, Tether also announced an investment in Anchorage Digital to support USAT’s compliance efforts in the United States. (CoinDesk)

XAUT0.9%
GLDX1.02%
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