Tether Acquires 12% Stake in Gold.com with $150 Million Investment to Bridge Tokenized and Physical Gold Markets
https://ecency.com/hive-167922/@uyobong/tether-acquires-12-stake-in-goldcom-with-150-million-investment-to-bridge-tokenized-and-physical-gold-markets-ggy
Posted by Express_Classic_1569
2 Comments
tldr; Tether has invested $150 million in Gold.com, acquiring a 12% stake and integrating its gold-backed cryptocurrency, XAU₮, into Gold.com’s platform. The partnership aims to bridge digital finance and physical precious metals, allowing purchases of physical gold using Tether’s stablecoins, subject to feasibility. Gold.com will also invest $20 million in XAU₮. This move aligns with Tether’s strategy to expand tokenized gold adoption and connect traditional bullion with blockchain-based assets.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Price if gold is gonna get rug pulled yay