Leading Stablecoin Issuer Tether Invests $89,000,000 Into Precious Metals Royalty Company To Deepen Exposure to Gold

The issuer of the largest stablecoin by market cap just acquired significant holdings with a gold-focused royalty company listed in Canada. In a statement, Elemental Altus says that Tether just completed the purchase of 78,421,780 common shares at a price of C$1. 55, or around $1 source: https://dailyhodl.com/2025/06/13/leading-stablecoin-issuer-tether-invests-89000000-into-precious-metals-royalty-company-to-deepen-exposure-to-gold/