The post Tether Acquires 31.9% Stake in Gold Royalty Company – Coincu appeared on BitcoinEthereumNews.com.

Key Points: Key Point 1 Key Point 2 Key Point 3 Tether has acquired approximately 31.9% of shares in Elemental Altus, a Canadian gold royalty company, amounting to 78,421,780 common shares. The purchase signifies a strategic move aligned with Tether’s plan to deepen its financial infrastructure backed by hard assets. This acquisition underscores Tether’s broader intent to fortify its stablecoins with gold and Bitcoin, enhancing stability and transparency. Market observers are watching the deal closely, given its implications for the cryptocurrency asset landscape. Gold and Bitcoin Strengthen Tether’s Financial Backbone The acquisition of 31.9% in Elemental Altus Royalties by Tether Investments is part of a strategic move aligned with their hard asset-backed financial products vision. This purchase, structured through an off-market block trade, includes an option to acquire further shares in 2025. Paolo Ardoino, Tether CEO, emphasized this initiative as a step towards enhancing the transparency and resilience of their financial system through hard asset support like gold and Bitcoin. Immediate implications include stronger backing for Tether’s gold-backed token, XAUT, and potentially increased market credibility. Currently, Tether holds over 100,000 Bitcoins and almost 80 tons of gold, reinforcing its commitment to a more resilient stablecoin system. Such acquisitions are expected to have ripple effects on how cryptocurrency entities structure their reserves. This strategic acquisition demonstrates Tether’s ongoing commitment to anchoring its stablecoin reserves in tangible assets, especially gold, potentially enhancing stability and transparency for the broader stablecoin ecosystem,” said Paolo Ardoino, CEO, Tether. Market reactions have yet to be fully realized, but Paolo Ardoino’s remarks have set the tone for expected perceptions. The emphasis on hard asset support comes at a time when cryptocurrency markets face scrutiny over reserve transparency. Observers will be closely monitoring responses from industry players and institutional investors regarding this novel approach in enhancing stablecoin reserve…

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Filed under: News - @ June 12, 2025 12:27 pm