Tether plans to make additional investments in Elemental Altus, and the market value of XAUT has surpassed 1.35 billion USD, setting a new record
ChainCatcher news, Tether plans to make an additional investment in the gold royalty public company Elemental Altus, and has also negotiated with the gold mining investment vehicle Terranova Resources in the British Virgin Islands, but no deal was reached. Tether acquired nearly 32% of Elemental Altus in June this year, aiming to integrate long-term stable assets such as gold and Bitcoin into its ecosystem.According to the latest data from Coingecko, the market capitalization of Tether's gold-backed cryptocurrency XAUT has surpassed $1.35 billion, currently reaching $1,351,783,809, setting a new historical high, with a circulating supply of 375,572 tokens and a trading volume of $181,857,137 in the past 24 hours.Previously, Tether was in talks to invest in gold mining and currently holds gold reserves valued at $8.7 billion.