Tether Invests $150 Million in Gold.com to Expand Tokenized Gold Distribution

Odaily Stablecoin issuer Tether has announced the acquisition of approximately 12% minority stake in Gold.com for $150 million, aiming to expand the distribution channels for its gold-pegged token XAUT. The two parties plan to integrate XAUT into Gold.com's infrastructure and explore the use of USDT and its newly launched U.S.-compliant stablecoin USAT for purchasing physical gold. Driven by rising gold prices, the tokenized gold market has surpassed $5 billion in size, with XAUT accounting for over 60% of it. Additionally, Tether announced an investment in Anchorage Digital to support the compliance advancement of USAT in the United States. (CoinDesk)