Tether Eyes Gold Mining as a new boundary to spread encryption profit star-news.press/wp

Tether, the source of the largest stablecoin on the market through trading, USDT, is said to be in discussion of investment in gold mining. The company aims to direct the profits of the large cryptocurrency to the metal market.

According to the recent Financial Times a reportTether explores opportunities through the entire golden supply chain, including mining, refining, trading and officials.

Gold as a basic origin

Paulo ErdinoTether CEO, a strong gold rapprochement, referring to him as “Natural Bitcoin”. In a speech earlier this year, a perspective that contradicts the common view of Bitcoin as “digital gold”, instead, explained that gold is “essentially”.

According to the report, the Tether Interest in gold He surprised many in the traditional mining sector, raising questions about the company’s strategy and success.

One of the CEOs of Mining Mining noted the unconventional approach to Tether, indicating that while the company estimates gold, it lacks a clear strategy to move in this applicable industry.

As one of the most profitable entities in the field of encrypted currency, Tether includes the market value of $ 168 billion. The company made profits of $ 5.7 billion in the first half of this year, and it is also known to be one of our largest pregnant womenSteadfastness, gain attention from these investments to support Stablecoin.

Tether has already made great steps in the gold market, a contract Golden bars worth $ 8.7 billion in the Zurich cellar, which work as a guarantee for the release of Stablecoin.

Blue gold joins the rope in a code and golden markets

Recently, Tether Investments, the arm responsible for managing the company’s profits, has acquired a minority stake at Gold Royalty Companetal Altur for $ 105 million. This investment was completed by pumping an additional $ 100 million into a racist after integrating with its opponent EMX.

“These investments are part of a A wider strategy To enhance the company’s gold exposure.

In addition to its investments in gold royalties, the encryption company also participated in discussions with Terranova Resources, a gold mining an investment vehicle in the British Virgin Islands, although there is no deal.

The Battle of Stablecoin Source in Gold also includes xut distinctive symbolCracks supported by material gold, although its presence in the market is relatively modest compared to the US dollar.

The report highlights that other companies, such as blue gold, also explore the intersection of cryptocurrency and gold. Gold Mining Company plans to provide digital symbols associated with its future golden directing, which reflects the belief that gold -backed symbols can gain global traction.

Distinctive image from Dall-E, Chart from TradingView.com

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