Tether is investigating prospects in mining, refining, trading, and royalties in an effort to get into the gold sector. Earlier this year, the business invested $105 million in Elemental Altus and currently has $8.7 billion in gold in a Zurich vault. According to CEO Paolo Ardoino, gold complements Bitcoin naturally and provides security beyond sovereign currencies.
Tether Turns to Gold as a Complement to Bitcoin
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