Stock Track | Gold.com Soars 5.26% in Pre-market on Tether's $150 Million Strategic Investment

Stock Track

02/06

Gold.com's stock surged 5.26% during pre-market trading on Friday, following the announcement of a major strategic investment from Tether.

The digital asset firm Tether has made a $150 million investment in the precious metals platform Gold.com, acquiring an approximate 12% stake. The deal is aimed at strengthening Tether's gold-backed digital asset, XAU₮, and expanding access to both tokenized and physical gold. As part of the partnership, Gold.com has committed to investing $20 million from the proceeds into XAU₮.

The investment includes board representation for Tether and plans to integrate stablecoins into Gold.com's platform, enabling gold purchases with digital currencies. This partnership is expected to enhance Gold.com's market position and innovation in the growing tokenized assets sector.

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