Tether has taken a minority ownership position in Gold.com through a $150 million investment and will work with the platform to expand access to tokenised and physical gold.
The company acquired approximately 12% of Gold.com in the transaction and will integrate Tether's gold-backed digital asset, XAU₮, into Gold.com's platform.
Tether is exploring options to let customers buy physical gold using digital currencies including USD₮ and USA₮, subject to regulatory, technical and commercial considerations.
The gold-backed stablecoin market nearly tripled in the last 12 months, growing from roughly $1.3 billion to more than $5.5 billion, the company said.
XAU₮ accounts for more than 60% of the global gold-stablecoin market capitalisation.
Tether Gold operates with strict 1:1 physical backing and is supported by approximately 140 tonnes of gold, the firm said.
XAU₮ tokens represent one fine troy ounce linked to specific London Good Delivery bars, with an independent attestation confirming full backing.
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Paolo Ardoino, chief executive of Tether, said gold has played a central role in preserving value for centuries, particularly during periods of monetary stress and geopolitical uncertainty.
The company said TG Commodities S.A de C.V. will only sell or redeem XAU₮ pursuant to its gold token terms of sale and service.
The Recap
- Tether bought a minority stake in Gold.com for $150 million.
- XAU₮ holds more than 60 percent of gold-stablecoin market.
- Purchases using USD₮ and USA₮ subject to regulatory, technical, commercial considerations.
