Tether Held Talks to Invest in Gold Mining: FT

Tether, the issuer of world's largest stablecoin, USDT, has eyed investing in gold mining, the Financial Times reported on Friday.The firm has held discussions with mining groups about putting money into the gold supply chain, including refining, trading and royalties, according to the report, which cited people familiar with the talks.Tether CEO Paolo Ardoino referred to the precious metal as “bitcoin in nature,” in a speech at the Bitcoin 2025 conference in May.One commodity industry executive referred to Tether as the “weirdest company I have ever dealt with,” according to the report.Tether already holds $8.7 billion in gold bars in a Zurich vault, according to its financial statements, and in June this year paid $89.2 million for a minority stake…