Tether Makes $150 Million Investment in Gold.com, Expands Gold-Backed Token Distribution
Tether acquires a 12% stake in Gold.com, enhancing the distribution of its gold-backed token XAUT and enabling stablecoin payments for physical gold transactions.
USDT
XAUT
Fact Check
The evidence overwhelmingly and consistently supports the truthfulness of the statement. The primary sources include official press releases from both the investing company, Tether, and the recipient company, Gold.com (distributed via highly authoritative wire services like GlobeNewswire). This provides direct confirmation from both parties involved in the transaction. Furthermore, reputable secondary sources in both the crypto and mainstream financial news sectors, such as The Block and Yahoo Finance, have reported the investment as fact, citing the official announcements. There are no contradictions or conflicting pieces of evidence among the provided sources. The convergence of high-authority primary and secondary sources makes the statement exceptionally credible.
Summary
Tether has invested $150 million for a 12% stake in Gold.com, aiming to expand the use of its gold-backed token XAUT and integrate it into the platform’s operations. The partnership will also explore the use of Tether’s stablecoins, USDT and USAT, for payments tied to physical gold. Additionally, Tether’s investment in Anchorage Digital supports regulatory compliance for its U.S.-focused stablecoin, USAT.
Terms & Concepts
- XAUT: Tether’s gold-backed token that represents ownership of physical gold on a one-to-one basis, enabling blockchain-based trading and settlement.
- USDT: Tether’s U.S. dollar–pegged stablecoin, designed to maintain price stability and facilitate digital payments and transfers.
- USAT: A U.S.-focused stablecoin issued by Tether, intended to operate within U.S. regulatory and compliance frameworks.