Tether Bets on Tokenized Gold: A Shiny $200M Move

by

Finance

What to know, darling:

  • Tether is courting the crypto miner-financiers Antalpha to conjure a digital asset treasury focused on tokenised gold, Bloomberg reports.
  • This little treasury would amass Tether Gold (XAUT), the gold-backed token with a certain glitter, according to the same gossip-column chatter.
  • The tale follows Tether’s dalliance with the Bitcoin treasury outfit XXI Capital.

Tether, the clever engine behind the USDT stablecoin, is pairing with Antalpha to raise at least $200 million for a spanking new digital-asset treasury devoted to tokenised gold-Bloomberg cites sources familiar with the matter. A dash of drama, a pinch of destiny, and a ledger the size of a small country. 💼💎

The planned vehicle would stockpile XAUT, a blockchain-based token backed by physical gold bars stored in a Swiss vault. XAUT is the largest tokenised gold offering on the market, flirting with a market capitalization near $1.5 billion.

Antalpha is known as a key lender in the Bitmain orbit, offering supply chain and margin loans-because nothing says “security” like a well-heeled loan book with a silver tongue. 💬💰

The report follows an expanded partnership between Tether and Antalpha, announced to launch a dedicated hub for XAUT-backed lending, custody and token redemption services. Antalpha says it plans to open vaults in major financial hubs, allowing users to redeem digital tokens for physical gold-how très chic, darling, in practice.

Tether has stretched beyond issuing its flagship USDT token-the giant among stablecoins with a $174 billion supply-with investments spanning bitcoin mining, payments, energy and AI. It was a lead investor, alongside Bitfinex (with which it shares key execs and ownership) and SoftBank, in bitcoin-treasury firm XXI Capital launched earlier this year. Tether reportedly seeks to raise funds at a $500 billion valuation to fuel its expansion-because why not aim for the stars, when you can aim for the vault? 🚀😂

Paolo Ardoino, CEO of Tether, has been a vocal proponent of gold as a hard asset. The company held $8.7 billion in the yellow metal on its balance sheet, according to its June attestation. Shine on, old gold standard. 🥂🪙

Read More

2025-10-04 01:18