Tether acquires a 12% stake in Gold.com to promote XAUT distribution
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Tether has acquired a 12% stake in Gold.com for $150 million, with plans to expand the global distribution of its gold-backed token XAUT and support the purchase of gold bars using Tether stablecoins. Currently, the tokenized gold market has exceeded $5 billion. In addition, Tether has also invested in the US-regulated crypto bank Anchorage Digital to support its US-regulated stablecoin USAT.
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