Tether, the stablecoin issuer based in El Salvador, has acquired a significant stake in Elemental Altus Royalties Corp., a Canadian gold royalty company. This purchase, consisting of 78,421,780 common shares for CAD 121.5 million, represents 31.9% of Elemental's equity. Tether's investment reflects its strategy to bolster its portfolio with both gold and Bitcoin, emphasizing the importance of these assets as safe havens in times of economic uncertainty. Tether holds over 100,000 BTC valued at approximately $10.7 billion and nearly 80 tons of physical gold. CEO Paolo Ardoino reiterated that incorporating gold into investment strategies is practical, aligning with their dual pillar strategy focusing on both assets to create a resilient financial system. Tether’s USDT stablecoin, typically used for seamless transactions by crypto traders, is also gaining traction among individuals in emerging markets seeking exposure to U.S. dollars.

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