Tether buys $150 million stake in Gold.com to boost tokenized gold distribution

The companies plan to expand global access to tokenized gold and allow the buying of bullion with Tether's stablecoins. What to know : Tether acquired a 12% stake in Gold.com (GOLD) to expand the distribution of its gold-backed token XAUT The move comes as the tokenized gold market swells to over $5 billion, driven by rising gold prices. Tether also invested in U.S.-regulated crypto bank Anchorage Digital to bolster its U.S.-regulated stablecoin, USAT.