Tether’s investment arm has acquired roughly $150 million, about a 12% stake, in precious-metals platform Gold.com to expand access to tokenized gold. The agreement will integrate Tether Gold (XAUt), Tether’s gold-backed token, into Gold.com’s online marketplace.
Gold.com is a publicly listed seller of gold, silver, platinum and other precious metals across several markets, including the United States. Tether CEO Paolo Ardoino framed the move as a long-term bet on gold as a hedge and store of value, with the aim of making gold more accessible, transferable and usable like modern digital money while preserving physical backing and ownership.
Tether and Gold.com are also exploring ways for customers to purchase physical gold using Tether’s flagship stablecoin USDT and its U.S.-focused stablecoin USAt (USAT), which Tether launched with Anchorage Digital on January 27. The investment follows Tether’s separate $100 million equity commitment to Anchorage announced the same day, a deal intended to support USAt adoption as Anchorage pursues a public listing.
The push into tokenized gold comes amid large recent moves in the metal’s price, which rallied more than 80% over the prior 12 months to about $5,600 on January 29 before easing to roughly $4,800 at the time of reporting. Tether reported a $10 billion profit in 2025, largely from interest on U.S. Treasury holdings that back a $185.6 billion USDT reserve. The partnership aims to link on-chain tokens with physical custody and broaden retail access to gold via crypto rails.