Tether Looking to Launch Tokenized Gold Treasury Firm With Antalpha Raising $200M: Report

Tether, the company behind the USDT stablecoin (USDT), is working with crypto miner financing firm Antalpha to raise at least $200 million for a new digital asset treasury for tokenized gold, Bloomberg reported Friday, citing sources familiar with the matter. The planned vehicle would stockpile Tether Gold (XAUT), a blockchain-based token backed by physical gold bars under custody in a Swiss vault. XAUT is the largest tokenized gold offering on the market with nearly $1.5 billion market capitalization. ...