A Tether chart as Paolo Ardoino, chief executive officer of Tether Holdings Ltd., right, speaks during a Bloomberg Television interview in New York, US, on Friday, May 23, 2025.Photographer: Michael Nagle/Bloomberg
Global Investing
Miningweb: FT: Stablecoin group Tether holds talks to invest in gold miners
Boss of crypto company that posted first-half profits of $5.7bn has called the precious metal ‘natural bitcoin’
Key topics:
Tether explores gold mining investments to diversify crypto profits
Company already holds $8.7bn in bullion and stakes in royalty firms
Industry sceptical of Tether’s unconventional push into gold sector
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By Leslie Hook and Nikou Asgari in London