Tether to invest $150 million in Gold.com and expand gold-backed stablecoin strategy

On Thursday, Tether said it will invest a total of $150 million in Gold.com, initially buying about $125 million in common shares and adding $25 million after regulatory approval. The stablecoin issuer, which already directly holds roughly 140 tons of gold and dominates over half of the gold stablecoin market through Tether Gold, will also gain the right to nominate a Gold.com board member as the firms pursue a vertically integrated gold ecosystem.