Tether Eyes Bold Gold Investments as Prices Hit $3,650

- Tether reportedly plans significant investments across the gold supply chain. - The move comes as gold prices hit a record high of $3,650. According to reports from The Block and the Financial Times on September 5, 2025, Tether is exploring major investments across the gold supply chain, including mining, refining, trading, and royalty companies. This development coincides with gold’s spot price reaching a historic high of approximately $3,650 per ounce, a record which has sparked increased interest in gold as a stable, high-value asset. In July, Tether disclosed that over 7.66 tons of gold back its Tether Gold (XAU₮) tokens, which grant users digital exposure to physical gold. The stablecoin issuer also revealed it holds approximately $8.7 billion worth of gold in its reserves, reinforcing its presence in the precious metals sector. Earlier this year, its investment arm further diversified its portfolio by acquiring a large stake in Elemental Altus Royalties Corp, a Canadian-listed gold royalty company. Some industry executives expressed surprise at Tether’s deepened interest in gold-related investments. One mining executive remarked, “They like gold. I don’t think they have a strategy,” while a commodities executive described Tether as "the weirdest company I have ever dealt with." Despite this skepticism, the potential expansion reflects Tether's broader strategy of using profits from its stablecoin business to diversify its portfolio and increase its presence in non-crypto financial markets. Tether CEO Paolo Ardoino publicly supports gold, calling it a reliable asset and a natural counterpart to Bitcoin. In a social media post on September 5, Ardoino appeared to confirm the reports with a simple comment: "Stability maximalism." As part of its diversification strategy, Tether has reportedly held discussions with various mining and investment groups, including the gold mining investment firm Terranova Resources, although no formal agreements have been reached. According to CoinMarketCap, Tether Gold (XAU₮) traded at $3,594.61 as of September 5 at 18:14 UTC, with its 24-hour trading volume up 1.347%. Meanwhile, the company’s flagship stablecoin, Tether USDt (USDT), traded at $1.001 as of 18:13 UTC, with its 24-hour trading volume seeing a 0.037% increase. These figures highlight Tether's continued dominance in the cryptocurrency market while also underscoring its growing interest in traditional asset classes like gold.