TechFlow news, September 6 — According to the UK's Financial Times, Tether plans to make an additional investment in Elemental Altus, a gold royalty-listed company, with an expected investment of approximately $100 million, raising its stake to around 37.8%. The transaction is expected to be completed in Q4 this year. Tether has also held talks with Terranova Resources, a gold mining investment vehicle based in the British Virgin Islands, but no deal was reached. In June this year, Tether acquired nearly 32% of Elemental Altus, aiming to integrate long-term stable assets such as gold and Bitcoin into its ecosystem. According to the latest data from Coingecko, the market cap of XAUT, the gold-backed cryptocurrency operated by Tether, has surpassed $1.35 billion, reaching $1,351,783,809, a new all-time high. The circulating supply stands at 375,572 tokens, with a 24-hour trading volume of $181,857,137.
Earlier reports indicated that Tether is in discussions regarding investments in gold mining and currently holds $8.7 billion worth of gold reserves.
