Tether acquires 32% stake in gold mining company Elemental
Stablecoin issuer Tether has purchased a 31.9% stake in Canada-based Elemental Altus Royalties Corp., acquiring 78.4 million shares in a bold move to expand its gold-backed assets.
This marks Tether’s most significant foray yet into the precious metals sector, aligning with its wider strategy of integrating both Bitcoin and gold into its reserve backing for USDT, reports CoinGape.
The deal includes an option agreement with AlphaStream Limited to purchase an additional 34.4 million shares after October 29, 2025, subject to approval, positioning Tether for further consolidation in the gold royalty space.
Gold and Bitcoin form dual inflation hedge
Tether CEO Paolo Ardoino confirmed that the firm has already acquired 50 tons of physical gold and 100,000 BTC, reflecting what he describes as a “forward-looking strategy” for building resilience and transparency in a decentralized financial system. Ardoino emphasized that gold remains a time-tested store of value, while Bitcoin represents a decentralized hedge against monetary debasement. By investing in Elemental Altus, a royalty company that profits from gold production without taking on direct mining risk, Tether secures stable gold exposure without operational volatility.
Tether builds a diversified reserve ecosystem
The move builds on Tether’s growing portfolio, which already includes Tether Gold (XAUT)—a gold-backed digital token—as well as major holdings in Bitcoin. This hybrid reserve strategy mirrors a growing institutional preference for assets that have delivered over 40% returns in the past 12 months, with Bitcoin recently overtaking gold in U.S. investor ownership for the first time.
Meanwhile, Tether’s recent announcement of an open-source Bitcoin mining OS (MOS) further reflects its ambition to influence the broader digital asset infrastructure. As central banks face renewed inflationary pressures, Tether appears to be hedging smartly across hard assets, reinforcing USDT’s reputation as a stable, well-collateralized digital dollar.
Recently we wrote that PayPal has announced that its stablecoin, PayPal USD (PYUSD), will soon be available on the Stellar (XLM) blockchain, pending regulatory approval from the New York State Department of Financial Services (NYDFS).
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