INSUBCONTINENT EXCLUSIVE:
completed Tuesday, was made at a price of $1.55 Canadian dollars ($1.14) per share, according to an announcement by Elemental, costing
stablecoin issuer said.Exposure to gold without mining risksBy acquiring ELE shares, Tether targets diversified exposure to global gold
preference for strategic, low-risk exposure to real-world assets that can enhance the transparency and stability of digital financial
the backing of its ecosystem and advance its gold-backed stablecoin Tether Gold, or XAUt (XAUT).The announcement also hints at more
commodity-backed digital assets planned by Tether in the future using its new exposure.Top five stablecoins by market capitalization as of
record-breaking profit of $13 billion last year and officially moved beyond stablecoins in April 2024.In May, Tether bought $458.7 million
worth of Bitcoin (BTC) for Twenty One Capital, a Bitcoin investment firm it backed that is awaiting the completion of a Special Purpose
Acquisition Company merger with Cantor Equity Partners
Tether subsequently moved another $3.9 billion in BTC to Twenty One Capital in early June, making it the third-largest corporate BTC holder
after Strategy and MARA.Tether previously took a 30% stake in Italian media company Be Water in March, invested in the Juventus football
