Tether Seeks $20B Expansion, Launches USAT, Eyes Gold Market
Tether, the company behind the popular stablecoin USDT, is expanding its operations and seeking to raise up to $20 billion. It has recently launched a US-based stablecoin, USAT, with Bo Hines at the helm as CEO. Meanwhile, ARK Invest is considering a stake in Tether, aiming for a $500 billion valuation.
Tether's growth is evident in its partnership with Antalpha Platform Holding Company. Together, they have established secured loan services backed by XAUt, a digital asset representing physical gold. This move comes as gold price surges, up 46% this year, driven by political tensions and inflation concerns.
Tether plans to set up vaults in major financial hubs, allowing holders to redeem tokens for gold. This expansion aims to strengthen Tether's presence in the tokenized real-world assets market and deepen its ties with Bitmain and Antalpha. If the current raise of up to $20 billion succeeds, it could significantly reshape how investors access tokenized gold in global markets.
Tether Holdings is also preparing to raise at least $200 million for a new digital asset venture focused on tokenized gold. This venture, in collaboration with Antalpha Platform Holding, will create a digital-asset treasury for XAUt, further cementing Tether's commitment to gold-backed tokens.
Tether's ambitious expansion into the gold market, backed by strategic partnerships and significant fundraising efforts, signals a growing institutional interest in digital assets tied to real-world commodities. As gold price soars, Tether's moves could reshape how investors access and interact with tokenized bullion.
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