Tether’s investment division has acquired a $150 million stake in Gold, an online platform specializing in the trade of gold and precious metals. This funding aims to support the growth and development of Gold’s digital asset offerings.
The partnership is expected to accelerate the adoption of tokenized gold, enabling users to buy, sell, and hold gold-backed digital tokens more efficiently. Tether’s involvement highlights increasing interest in integrating traditional assets with blockchain technology.
**Why this matters**
Tokenization of physical assets like gold can enhance liquidity and accessibility for investors worldwide. Tether’s significant investment signals confidence in the potential of digital gold markets to complement stablecoins and expand the use cases for blockchain-based financial products.
Source: NewsData