Tether Expands Portfolio: Acquiring a 32 Percent Stake in Gold Mining Firm
Tether, the issuer of the USDT stablecoin, has made waves by acquiring a 32 percent stake in the Canadian gold mining firm Elemental Altus Royalties Corp. This acquisition forms part of Tether’s strategy to hedge investments and diversify across asset classes. The stablecoin company is increasingly looking to expand its holdings not only in Bitcoin but now also in gold. This strategic move may lay the groundwork for Tether’s future growth potential. Investors should keep an eye on how these developments evolve in the marketplace. Could this diversification strengthen Tether’s position amid changing economic conditions?