Tether Seeks To Raise $200 Million For Tokenized Gold Treasury – Report

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In a twist that’s as golden as a 24-carat dream, Tether, the titan of stablecoins, and its trusty sidekick Antalpha, have decided to raise a whopping $200 million. The goal? To set up a shiny new digital asset treasury, where tokenized gold is the crown jewel. Now, before you get too excited, just know that this treasure hunt isn’t for pirates-it’s for the digital asset elite.

Tether To Launch Digital Asset Treasury Firm With XAUT: Report

So, what’s the deal? On October 3rd, Bloomberg, as usual, spilled the tea on this monumental effort, revealing that Tether and Antalpha-who clearly have an affinity for big numbers-are looking to raise a princely sum of at least $200 million. And all that cash? It’s going to be used to buy XAUT, Tether’s golden child of digital currency.

Now, Antalpha might sound like the name of a futuristic robot from a sci-fi flick, but in reality, it’s closely linked to Bitmain Technologies. You know, the company that provides 82% of the world’s crypto mining machines. That’s right, they’re the heavyweight champions of Bitcoin hardware, making them more powerful than your average Sunday morning coffee.

Bloomberg didn’t just stop there, of course. They also speculated that this big-money move will only tighten the grip between Tether and Antalpha, two of the most dominant forces in crypto today. And let’s not forget, the craze for digital asset treasury companies has only intensified in 2025. At last count, over 80 of these companies had popped up this year. Talk about a booming market!

But wait-there’s more. Enter Cohen & Company, the asset manager that’s playing the role of matchmaker for this deal. Of course, with all these financial heavyweights involved, the details remain as tight-lipped as a secret bank account.

Tether and Antalpha partnership image

Now, let’s talk about Tether Gold. Oh yes, this shiny little gem was launched back in 2020 to let investors dabble in gold without the hassle of physically hoarding it (you know, for those of us who aren’t looking to create an actual gold mine in our basements). With a market cap of $1.5 billion, Tether claims the 250,000 XAUT tokens in circulation are backed by a grand total of over 7.66 tons of actual gold. That’s a lot of gold, my friends.

USDT Market Cap At $175 Billion

Meanwhile, while we’re all looking at tokenized gold, let’s not forget that Tether still holds the crown as the largest dollar-backed stablecoin and the fourth-largest digital asset in the crypto universe. With a market cap that’s a mind-blowing $175 billion, Tether’s USDT is basically the celebrity of the crypto world. Move over, Bitcoin-there’s a new kid in town.

Tether USDT market cap image

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2025-10-05 00:48