Tether, the company behind the USDT Stablecoin He is working with the Financing of Antalpha cryptographic miners to raise at least $ 200 million for a new Treasury of Digital Assets for Tokenized Gold, Bloomberg reported on Friday, citing familiar sources with the matter.
The planned vehicle would be stored A blockchain -based token backed by physical gold bars in custody in a Swiss vault. Xaut is the largest tokenized gold offer in the market with a market capitalization of almost $ 1.5 billion.
Antalpha is known as a key lender of the Chinese Chinese cryptographic mining equipment manufacturer Bitmain, and offers supply and margin chain loans.
The report follows an expanded association between Tether and Antalpha, announced on Monday to launch a dedicated center for loan, custody and redemption services of Token backed by Xaut. Antalpha said he plans to work with partners to open vaults in the main financial centers, which allows users to exchange digital tokens for physical gold.
Tether has expanded beyond issuing its usdt flake, the largest stablecoin that has a supply of $ 174 billion, with investments that cover through Bitcoin Mining, payments, energy and artificial intelligence (AI). He was a main investor, together with Bitfinex, with which he shares key and property executives, and Softbank, in the signing of the Bitcoin XXI Treasury that was launched earlier this year. According to reports, Tether also seeks to raise funds at an assessment of $ 500 billion to feed its expansion.
Paolo Ardoino, CEO of Tether, has been a golden defender as a hard asset, the company had $ 8.7 billion in the yellow metal in its general balance, according to its June certification.
