Tether Bets Big On Gold With $150 Million Investment In Gold.com

Tether has put a big bet on bullion. Reports say the stablecoin issuer bought a roughly $150 million stake in Gold.com, taking about 12% of the shares at a price that undercuts recent trading. That...

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Tether Bets Big On Gold With $150 Million Investment In Gold.com

Source: Bitcoinist.com

Tether has put a big bet on bullion. Reports say the stablecoin issuer bought a roughly $150 million stake in Gold.com, taking about 12% of the shares at a price that undercuts recent trading. That move follows signals that both firms want to tie physical gold markets to digital tokens more closely. Investors reacted with […]