Tether invests $150 million to acquire a 12% stake in Gold.com to expand the issuance of the gold token XAUT

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ChainCatcher News reports that, according to Coindesk, Tether has invested $150 million to acquire a minority stake in Gold.com, holding 12% of the shares, further deepening its presence in the gold market.

Gold.com is a platform that offers physical gold and tokenized gold trading. As part of the partnership, Tether will integrate its gold-backed token XAUT into Gold.com’s infrastructure.

ChainCatcher previously reported that Tether announced a $100 million strategic investment in Anchorage Digital.

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