Tether Partners With Antalpha to Raise $200M for Tokenized Gold Treasury With XAUT

Tether, the company behind USDT stablecoin, is collaborating with crypto financing firm Antalpha to raise $200 million for a new digital asset treasury focused on tokenized gold, according to Bloomberg reports. The planned treasury will hold Tether Gold (XAUT) - the market's largest tokenized gold product with $1.5 billion market capitalization, backed by physical gold bars stored in Swiss vaults. This initiative follows Tether and Antalpha's expanded partnership announced earlier this week to establish dedicated services for XAUT-backed lending, custody, and token redemption. Antalpha, known as a key lender for Bitmain's mining equipment manufacturing, plans to open vaults in major financial hubs enabling digital-to-physical gold conversions. Tether continues expanding beyond its $174 billion USDT stablecoin dominance with strategic moves into Bitcoin mining, payments, energy, and AI sectors. CEO Paolo Ardoino has consistently advocated for gold as a hard asset, with Tether holding $8.7 billion in gold reserves according to recent attestations.