Tether Acquires 32% Stake in Elemental Altus to Bolster Gold-Backed Asset Strategy

• Tether’s $89.2M investment gives it a 31.9% stake in Elemental Altus Royalties.
• Tether aims to strengthen gold-backed assets and diversify its stablecoin reserves.
• The deal allows Tether to expand real-world asset support for its digital token ecosystem.

Tether, the company behind the largest stablecoin in the world by market capitalization, has purchased 31.9% of Elemental Altus Royalties Corp., a Canadian gold-centred royalty firm.

This investment is worth approximately $89.2 million strengthening Tether’s long-term strategy of ensuring its digital asset ecosystem is anchored to real-world, stable assets like gold and bitcoin. The investment is also in line with Tether’s increasing interest in extending its financial infrastructure through hard asset-backed products.