Stablecoin Giant Tether Invests in Gold Mining Firms

Tether is reportedly engaging in discussions about investing in gold-mining firms. The move appears to reflect its strategy to deploy sizable crypto-derived earnings into more traditional, commodity-linked assets, with gold increasingly viewed internally as a digital counterpart or “natural bitcoin. ” Gold as “Natural Bitcoin”: Strategic Diversification According to the Financial Times, the company is considering using part of its crypto earnings to acquire stakes in gold-mining firms. In June, Tether Investments paid $105 million for a minority stake in Elemental Altus, a Toronto-listed gold royalty company source: https://beincrypto.com/tether-targets-gold-miners-as-profits-climb/