Tether partner Antalpha's tokenized gold investment tops $100M in unrealized gains

Tether's partner firm, Antalpha, is sitting on over $100 million in unrealized gains from its investment in tokenized gold, CryptoPotato reported. The firm previously purchased approximately $241 million worth of XAUt at an average price of $3,693 per ounce, equivalent to about 1.8 tons of physical gold. Following a subsequent rally in gold prices, the position is now profitable by more than $100 million.