Tether and crypto miner lender Antalpha are in search of to lift at the very least $200 million for a brand new digital asset treasury automobile targeted on tokenized gold, Bloomberg reported Friday, citing folks aware of the matter.
Key Takeaways:
- Tether and Antalpha are elevating $200 million to construct a tokenized gold treasury centered on XAUt.
- The initiative deepens their partnership as gold demand climbs and tokenized commodities achieve traction.
- Tether continues increasing past stablecoins with strategic bets in mining, AI, and tokenized belongings.
The trouble goals to stockpile XAUt, Tether’s blockchain-based gold token, backed by bodily bars saved in a Swiss vault.
If profitable, the capital elevate would strengthen ties between two of the digital asset business’s most distinguished gamers.
Tether, Antalpha Be part of Forces Amid Crypto-Mining and Stablecoin Dominance
Tether is the issuer of USDT, the most important stablecoin by market cap, whereas Antalpha is intently tied to Chinese language mining big Bitmain, which produces over 80% of worldwide Bitcoin mining {hardware}.
XAUt, launched by a Tether subsidiary in 2020, has grown to a market cap of almost $1.5 billion. The deliberate automobile would act as a publicly seen treasury targeted solely on accumulating this asset.
It follows an expanded partnership between Tether and Antalpha introduced final week, which launched new companies akin to XAUt-backed lending, custody, and token redemption.
Antalpha mentioned it plans to open vaults in world monetary hubs, permitting token holders to redeem their digital belongings for bodily gold.
We’re proud to announce the enlargement of our collaboration with @Tether_to, additional integrating Tether Gold ($XAU₮) @tethergold into our RWA Hub.
By this partnership, we’ll now provide $XAU₮-backed lending and full-stack infrastructure options, making digital gold extra… pic.twitter.com/eXaGQpoY0N— Antalpha World (@AntalphaGlobal) September 29, 2025
Tether has been pushing far past stablecoins in recent times, with investments in Bitcoin mining, AI, funds infrastructure, and tokenized belongings.
Its CEO, Paolo Ardoino, is a robust advocate of gold as a retailer of worth, and the corporate held $8.7 billion value of gold on its stability sheet as of June.
On the identical time, Tether is reportedly in search of to lift $20 billion in a separate effort to scale its core USDT operations, a deal that will worth the corporate close to $500 billion.
The gold-backed initiative arrives as demand for gold surges. World gold funding is up 46% this 12 months amid geopolitical rigidity and inflation fears, in line with Bloomberg.
XAUt’s market cap has doubled in that point, per CoinGecko information.
Greater than 80 digital asset treasury corporations have been shaped in 2025, many utilizing reverse mergers or SPAC constructions to imitate Technique Inc.’s public Bitcoin wager.
Tether Rejects IPO Route Whilst Circle’s Inventory Soars
Tether’s deal with gold comes as competitors heats up. Circle, which went public in June, has seen its inventory surge over 500% since its debut. Tether, nonetheless, has no plans to comply with go well with.
“Basically we’re not serious about changing into a public firm,” Ardoino mentioned in July.
The brand new laws seems to be opening doorways that have been beforehand shut. Ardoino, together with different crypto executives, attended the White Home invoice signing.
The regulation may, for the primary time, assist normalize stablecoin utilization, each in crypto buying and selling and throughout mainstream monetary infrastructure.
Tether has lengthy been beneath hearth for an absence of transparency, significantly relating to its reserves. Audits, promised for years, have but to materialize.
Nonetheless, Ardoino mentioned the corporate has been in touch with auditing corporations in latest weeks.
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