Tether Pushing for New Digital Asset Treasury Company That Accumulates Firm’s Gold-Backed XAUT Token: Report
The company behind Tether (USDT) and a financial services firm closely linked to the Bitcoin (BTC) hardware giant Bitmain Technologies are reportedly in talks to raise capital for a public vehicle that will accumulate the gold-pegged digital asset, Tether Gold (XAUt). Citing people familiar with the matter, Bloomberg reports that Tether and Antalpha Platform Holding aims to raise at least $200 million for a digital-asset treasury company that will stockpile Tether Gold (XAUt), a digital token backed by physical gold bars and currently has a market capitalization of $1.5 billion. The two firms are already working on Tether Gold, but Antalpha’s announcement of an expanded partnership on September 29th broadens access to XAUt through services that include collateralized lending against the token. Antalpha says it will establish physical vaults in major financial centers around the world so XAUt holders can exchange their tokens for gold bars through local partners....
