Tether, known for its stablecoin USDT, has acquired a 32% stake in Canadian gold royalty firm Elemental Altus Royalties, purchasing 78,421,780 common shares for approximately $89.4 million. This strategic acquisition is part of Tether's broader plan to integrate stable, long-term assets such as gold and Bitcoin into its ecosystem, enhancing financial stability and transparency. By investing in Elemental, Tether aims to gain exposure to global gold production through a royalty model that mitigates the risks associated with direct gold mining. CEO Paolo Ardoino emphasized the importance of gold as a time-tested store of value alongside Bitcoin as a hedge against inflation. The move is expected to bolster Tether's XAUt stablecoin, which is already the largest gold-backed cryptocurrency, with plans for further commodity-backed digital assets in the pipeline. This acquisition follows Tether's ongoing investment activity, including notable stakes in other capital ventures, reflecting a commitment to diversifying its asset base to improve its digital financial infrastructure.

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