Stablecoin issuer tether, the creator of USDT (USDT), discussions have begun with mining and investment groups about the deployment of capital throughout the gold supply chain, According to in financial times. Moving is more likely to vary the risk of Tether’s portfolio.
According to the report, Tether explored the deployment of capital in many sectors in the golden business, including gold mining, refining, trading and royalty companies.
The company has accumulated $ 8.7 billion worth of physical gold, stored in a vault in Zurich, Switzerland. The reserve back to Tether gold (Xau), The company’s gold pegged stablecoin with a market capitalization of nearly $ 1.4 billion.
Tether’s pushing to Gold Broadens is a risk profile. At this $ 162 billion, approximately $ 130 billion, or 80%, will be held in cash, equivalent to cash and short-term deposits, including $ 127 billion in direct and indirect exposure to US treasury. The company reported $ 5.7 billion to net profit in the first half of 2025, According to In a June auditing report.
Year-to-date, the price per ounce of gold Shut up.
Cointelegraph handed Tether to comment but did not receive a response at the time of publication.
Tether rode in the goods market before. In October 2024, the company is considered Lending some of its income to commodity traders. In November 2024, Tether expanded to oil trading by a $ 45 million financial crude oil transaction.
On Friday, Tether increased its stake to Canadian Gold Royalty Company Elemental with $ 100 million sharing, Bloomberg reported Friday. The Stablecoin Issuer has already owned 37.8% of the company, which obtains income streams from gold mining operations.
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