USDT Issuer Tether to Launch Tokenized Gold Treasury Firm With Antalpha: Report

Tether, the company behind the USDT stablecoin USDT$ 1.0006, is working with crypto miner financing firm Antalpha to raise at least $200 million for a new digital asset treasury for tokenized gold, Bloomberg reported Friday, citing sources familiar with the matter. The planned vehicle would stockpile XAUT$ 3,753.81, 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. STORY CONTINUES BELOW Don’t miss another story.Subscribe to the Crypto Daybook Americas Newsletter today . See all newslettersBy signing up, you will…