Loading ...Tether, the world’s largest stablecoin issuer, has reportedly been in discussions with mining and investment groups to deploy billions into the gold industry, according to a Financial Times report late Thursday.
The talks reportedly span mining, refining, trading, and royalty companies, following chief executive Paolo Ardoino’s view of gold as “the natural Bitcoin.”
“I prefer to think in Bitcoin terms, and I think gold is kind of a resource of nature and is almost like the natural Bitcoin,” Ardoino said onstage at the Bitcoin 2025 conference back in May.
Tether is also moving to deepen its role in the sector, planning to spend about $100 million more to increase its previous 37.8% stake in Toronto-listed Elemental Altus Royalties, a Canadian firm that buys future revenue streams from gold mines, according to a report from Bloomberg early Friday.