Tether is in talks to invest in gold mining and currently holds $8.7 billion worth of gold reserves.


according to the Financial Times, Tether is in talks to invest in the gold mining industry. The company plans to invest in various aspects of the gold supply chain, including mining, refining, trading, and licensing companies. Currently, Tether holds $8.7 billion worth of gold reserves in a vault in Zurich, Switzerland, as collateral for its stablecoin.