Tether, known for its stablecoin USDT, has begun exploring investments in the gold mining sector, aiming to anchor its crypto-generated profits in physical assets.
Tether's Investment Moves
Tether has already made significant moves towards the gold sector. In June, the company acquired a $105 million minority stake in Toronto-listed Elemental Altus, a gold royalty firm. This was followed by another $100 million investment in the same firm coinciding with its merger with EMX.
Gold Market and Industry Reaction
Tether's growing interest in gold has surprised many conservative players in the mining industry. One executive remarked, 'They like gold. I don’t think they have a strategy.' Such comments highlight a skepticism towards Tether's approach among traditional sector players.
Company's Long-Term Strategy
With a market cap of over $168 billion and profits of $5.7 billion in H1 2025, Tether is showing a desire to diversify its portfolio by considering gold as a stable and reliable asset. The company views gold as a source of nature, despite the growing interest in cryptocurrencies.
Tether's investments in gold mining may signal a new strategy aimed at risk reduction and strengthening positions in physical asset markets.
