Tether Plans Monthly Gold Purchases Up to $1 Billion in Secure Facility

Tether is set to acquire up to $1 billion in gold each month to bolster its reserves and support the XAUT stablecoin.

Tether is gearing up to make significant gold acquisitions, planning to procure as much as $1 billion worth of the precious metal each month. This strategic move not only enhances its own reserves but also provides backing for its XAUT stablecoin.

The company's gold investments are primarily aimed at strengthening its financial foundation, further establishing Tether’s commitment to stability and security in the volatile cryptocurrency market.