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- 📢 #Gate Square Writing Contest Phase 3# is officially kicks off!
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- 🧠 #GateGiveaway# - Crypto Math Challenge！
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📅 Ends at 4:00 AM July 22 (UTC)
The Bitcoin mining platform Antalpha plans to invest 40 million USD in Tether Gold.
Gate News bot news, the financial technology platform Antalpha serving the Bitcoin Mining ecosystem announced plans to invest $40 million in Tether's digital gold token Tether Gold (XAUt) to diversify assets amid macroeconomic fluctuations.
The reason for choosing this Token is that its value is based on gold, which is considered suitable for institutional asset allocation, especially its ability to withstand the cyclical fluctuations of the cryptocurrency market and support different financial applications.
The company plans to inject capital into XAUt from its portfolio before June 30, 2026. As part of its ongoing investment strategy, Antalpha aims to acquire more digital assets similar to XAUt in the long term to fund its lending business.
Source: crypto.news