Tether's strategic moves in gold financing and accumulation could reshape market dynamics, influencing both stablecoin reserves and gold trade.
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Tether consolidates its incursion into the raw materials sector by granting close to $1.5 billion in financing to a precious metals distributor in the United States. The operation positions the crypto firm as a weight actor in the loan of physical ingots after accumulating one of the largest private reserves of the world. The company is ... Read more
Tether is expanding its role in the precious metals market through funding of USD $1.5 billion to Gold.com, while accumulating a gold reserve valued at about USD $20 billion.