Tether in talks to invest in gold mining

Tether is in discussions to invest in the gold mining industry, the Financial Times reported, citing sources. One source stated that the stablecoin issuer is considering investments across companies involved in gold mining, refining, trading, and royalties. However, another source added that the conservative gold mining sector is skeptical of Tether's unconventional approach and perceived lack of a clear strategy. Tether currently holds gold reserves valued at $8.7 billion.