Bloomberg: Tether Eyes Capital Raise for Tokenized Gold Venture

Tether Holdings SA is reportedly in discussions with Antalpha Platform Holding, a financial services firm closely associated with Bitcoin hardware manufacturer Bitmain Technologies Ltd., to secure funding for a new public entity, according to a Bloomberg report. Sources familiar with the matter indicate that Tether and Antalpha are spearheading an initiative to raise at least $200 million for a "digital-asset treasury company." The prospective company intends to use the capital to accumulate XAUt, Tether’s gold-backed token. This potential collaboration unites a leading stablecoin issuer with a company linked to the cryptocurrency mining sector in a new venture centered around a tokenized gold asset.