If the plan materializes, it would allow Tether to participate in every stage of the process, from mining and refining to trading and royalties.
Tether has not responded to CryptoSlate’s request for comment as of press time.
Meanwhile, the discussions coincide with renewed strength in the gold market.
Investors seeking safe-haven assets during the current global economic environment have pushed the precious metal’s price to a new all-time high of $3,550 per ounce.
This price rally has created a favorable backdrop for Tether’s interest in the sector.
Tether’s reported interest in gold mining builds on its earlier moves into the sector.
Notably, Tether has also reported that its gold holdings represent over 5% of the reserves for its USDT stablecoins.
Tether’s expansion into gold signals a strategy of linking tangible assets with blockchain finance at a time when both safe-haven demand and stablecoin adoption are rising
While expanding into gold, Tether’s core business remains unmatched in the crypto industry.
With a circulating supply exceeding $170 billion, USDT represents 59.2% of the $288 billion stablecoin market.
That scale makes it the sector’s most important token, cementing its role as the backbone of global crypto liquidity.
