Stablecoin issuer Tether is in talks with mining and investment groups to invest in the gold supply chain, diversifying its portfolio. Tether has $8.7 billion in physical gold reserves in Zurich backing its gold-pegged stablecoin XAUT. With $162 billion in reserves, Tether reported $5.7 billion in net profit in H1 2025.

The price of gold has surged by 36.5% in 2025 to about $3,600 per ounce. Tether expanded its commodities market presence in 2024 by considering lending to commodity traders and entering oil trading. Recently, Tether increased its stake in Canadian gold royalty company Elemental with a $100 million share purchase.

Tether’s move into the gold market is part of its strategy to diversify its risk profile. The stablecoin issuer is expanding its presence in commodities after successful ventures in lending to commodity traders and oil trading. Tether’s investment in the gold supply chain reflects its efforts to grow and secure its financial position.

Read more at Cointelegraph: Tether Seeks to Invest in Gold Supply Chain: Report