Tether, the issuer of the largest stablecoin, USDT, is considering a foray into gold mining investments, as reported by the Financial Times. The company has been engaging in discussions with mining groups to explore potential investments in various facets of the gold supply chain, including refining processes, trading activities, and potential royalty agreements.

What’s Noteworthy:

• Tether is eyeing investments amid a backdrop of growing gold prices, having accumulated around $8.7 billion worth of gold bars secured in a vault in Zurich.
• In June, Tether made a strategic move by investing $89.2 million for a minority stake in Elemental Altus (ELE), a publicly traded firm focused on precious metals.
• Tether’s CEO, Paolo Ardoino, described gold as ‘bitcoin in nature’ during a speech at the Bitcoin 2025 conference.

As geopolitical tensions persist, gold’s status as a safe haven seems to continually attract crypto-focused investors, with many opting to invest in both digital assets and gold for protection against market volatility.

Tether did not provide a comment regarding this strategic inquiry.