Tether Expands Into Gold Mining, Refining, Trading, and Royalties
According to the Financial Times, Tether plans to broaden its gold-related operations while already holding $8.7 billion in the asset.
USDT
Summary
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Terms & Concepts
- Tether: A leading stablecoin issuer in the cryptocurrency market, primarily known for USDT, which is pegged to the U.S. dollar.
- Gold Holdings: Assets in the form of physical or financial gold owned by an entity; Tether reports $8.7 billion in gold.
- Royalties: Payments made to rights holders, in this context potentially linked to gold mining or refining ventures.