Tether Takes Minority Stake in Gold-Focused Investment Company Elemental Altus

Stablecoin issuer Tether's investment arm has taken a minority stake in Elemental Altus (ELE), a publicly-listed precious metals investment company.Tether Investments is aiming to diversify the assets that back its stablecoin USDT, the world's largest such token with a market capitalization of $155 billion, expanding into tangible assets and precious metals, according to an announcement on Tuesday.Tether acquired 78,421,780 common shares in Elemental from La Mancha Investments, a Luxembourg-based mining investment firm. Elemental's Toronto-listed shares spiked nearly 23% to 1 source: https://www.coindesk.com/business/2025/06/12/tether-takes-minority-stake-in-gold-focused-investment-company-elemental-altus