Tether steps up push into the gold market…invests $150 million in Gold.com

Source

Doohyun Hwang

Summary

Tether said it acquired a 12% stake in Gold.com for $150 million, and that the stock rose 6% in after-hours trading immediately after the investment.
Through the partnership, Tether said it will integrate its gold-backed stablecoin Tether Gold (XAUT) into Gold.com’s infrastructure.
The companies are reviewing a payment system for direct purchases of physical gold using USDT and USAT, and Tether said its gold exposure is a long-term hedge and an asset allocation strategy.

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Tether has made a strategic investment of $150 million in Gold.com, a gold-related platform company.

On the 5th (local time), Tether said on its official blog that it had acquired a 12% stake in Gold.com. Gold.com is a platform that provides access to physical gold and tokenized gold. Shortly after the investment news broke, the stock rose 6% in after-hours trading, reflecting market expectations.

The centerpiece of the partnership is integrating Tether’s gold-backed stablecoin, “Tether Gold (XAUT),” into Gold.com’s infrastructure. XAUT currently accounts for more than 60% of the overall tokenized gold market and is pegged 1:1 to physical gold stored in Swiss vaults.

The two companies also said they would actively consider introducing a payment system that enables direct purchases of physical gold using Tether’s dollar-backed stablecoin USDT and the recently launched U.S. regulatory-compliant stablecoin USAT.

Paolo Ardoino, Tether’s CEO, said, “Gold has played a central role for centuries in preserving value amid monetary crises and geopolitical uncertainty,” adding, “For Tether, gold exposure is not merely for trading purposes, but a long-term hedging tool and asset allocation strategy to protect users—and ourselves—in an increasingly unstable world.”

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