Tether invested $150 million to acquire a 12% stake in Gold.com to expand the issuance of the gold token XAUT

According to Coindesk, Tether has invested $150 million to acquire a minority stake in Gold.com, holding 12% of Gold.com, further deepening its layout in the gold market.

Gold.com is a platform that offers physical gold and tokenized gold trading. As part of the collaboration, Tether will integrate its gold-backed token XAUT into Gold.com’s infrastructure.

ChainCatcher previously reported that Tether announced a strategic equity investment of $100 million in Anchorage Digital.