Tether, the issuer of the USDT stablecoin, is exploring a new avenue by considering investments in the gold mining sector, aiming to diversify its portfolio amid rising profits from cryptocurrencies. Following a notable performance from gold, which has surged 37% in 2025, Tether has begun to re-evaluate its investment strategies, particularly in light of Bitcoin’s 22% increase during the same timeframe.
The company’s Chief Technology Officer, Paolo Ardoino, advocates for gold as a valuable complement to Bitcoin, viewing it as a safer asset compared to traditional sovereign currencies. This belief aligns with Tether’s existing investments, which include $8.7 billion worth of gold bars securely stored in Zurich.
In addition to physical gold, Tether has entered the gold royalty investment arena, having recently acquired a minority stake in Elemental Altus, a gold royalty firm. The company is engaged in ongoing discussions with various gold royalty businesses, signaling a desire to deepen its involvement in the gold sector.
This shift toward gold comes amidst a broader trend of crypto firms looking to hedge against market volatility by diversifying into more traditional assets. Tether’s substantial market capitalization of $168 billion, primarily driven by USDT, positions it well to make impactful investments.
However, there are mixed sentiments within the gold mining industry regarding Tether’s strategy. Some executives express skepticism about the company’s long-term commitment, noting that while there is intrigue around gold, a structured strategy appears lacking. One mining executive openly questioned Tether’s approach, suggesting that while their interest is apparent, they may not have a clear plan.
Despite the rising prices for gold and silver, experts note that current market conditions do not indicate speculative bubbles, as evidenced by the performance of various mining stocks. While some gains are being realized, many investors remain cautious, holding onto their positions rather than cashing out too early.
Tether’s explorations into gold investments could potentially present significant opportunities for growth, particularly as the value of gold continues on an upward trajectory. The company’s strategy, although under scrutiny, reflects a growing confidence in gold’s long-term viability, as Tether seeks to capitalize on this momentum for the benefit of its investors.
