According to a report by the Financial Times on September 5, deep tide TechFlow news states that Tether is in talks to invest in gold mining. The company plans to invest in various stages of the gold Supply Chain, including mining, refining, trading, and licensing companies.



Currently, Tether holds gold reserves worth 8.7 billion USD in its vault in Zurich, Switzerland, as collateral for its stablecoin. In June of this year, Tether Investments spent 105 million USD to acquire a minority stake in the Toronto-listed gold royalty company Elemental Altus. Tether's CEO Paolo Ardoino previously stated that gold should be a safer asset than any sovereign currency and can serve as a complement to Bitcoin.
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