Tether Takes Minority Stake in Gold-Focused Investment Company Elemental Altus

Stablecoin issuer Tether’s investment arm has taken a minority stake in Elemental Altus (ELE), a publicly-listed precious metals investment company. Tether Investments is aiming to diversify the assets that back its stablecoin USDT, the world’s largest such token with a market capitalization of $155 billion, expanding into tangible assets...
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