Tether plans to raise funds for a new treasury focused on tokenized gold, collaborating with crypto miner financing firm Antalpha to stockpile Tether Gold (XAUT).
Tether has partnered with crypto miner financing firm Antalpha to raise at least $200 million for a digital asset treasury focused on tokenized gold. The treasury would hold Tether Gold (XAUT), a blockchain-based token backed by physical gold. This follows Tether’s recent investments in Bitcoin treasury company XXI Capital and a growing interest in digital assets beyond USDT stablecoin.