Tether Acquires Stake in Gold.com to Enhance Gold-Backed Token Integration

Tether has acquired a 12% stake in Gold.com for $150 million to facilitate the integration of its gold-backed token, XAU₮. According to NS3.AI, this acquisition aims to provide USDT holders with easy access to both tokenized and physical gold through a familiar cryptocurrency payment system. This strategic move is part of Tether's broader plan to position gold alongside Treasuries and cash equivalents as a core reserve asset, responding to increasing market concerns and the demand for hedges. The partnership between Tether and Gold.com seeks to expand the distribution and adoption of tokenized gold. It addresses significant issues related to ownership, custody, and redemption, offering cryptocurrency users a seamless way to hedge without leaving the crypto ecosystem.