Latest news with #TetherGold
Malaysia Sun
2 days ago
- Business
- Malaysia Sun
MetaComp Partners with USDT0 to Advance Cross-Chain Stablecoin Infrastructure for Real-World Cross Border Payments and Asset Management
The partnership aims to deliver scalable, interoperable stablecoin infrastructure for real-world payments and digital assets. SINGAPORE , Aug. 6, 2025 /PRNewswire/ -- MetaComp , a regulated cross-border FX and digital asset infrastructure provider licensed by the Monetary Authority of Singapore , announces a strategic partnership with USDT0 , the unified liquidity network for the world's most widely used stablecoin Tether (USDT), and XAUt0, the omnichain evolution of Tether Gold , built to bring the largest gold-backed digital token to the world's leading blockchains, creating programmable, cross-chain stablecoin infrastructure for global payment corridors and institutional finance. MetaComp Partners with USDT0 to Advance Cross-Chain Stablecoin Infrastructure for Real-World Cross Border Payments and Asset Management Through this collaboration, MetaComp and its parent company will integrate USDT0, and XAUt0, a gold-backed stablecoin representing ownership of physical gold, into its regulated financial infrastructure. This integration supports real-time, cross-chain, and cross-border settlements, unlocking new efficiencies across payment corridors in Asia-Pacific , the Middle East , Africa , Central and Eastern Europe , and South America . Built on LayerZero, USDT0 will serve as a core settlement asset for cross-border payments. Its integration into MetaComp's platforms is designed to enhance blockchain interoperability, lower settlement costs, and deliver faster, more seamless transactions for businesses operating in multi-jurisdictional markets. XAUt0 brings the scarcity and inflation-hedging strength of physical gold into a modern, multi-chain environment, and is engineered to serve as a programmable, anti-inflation asset. The partnership will enable users to convert between USDT0 and XAUt0 in real time across supported chains, empowering payment providers and asset managers to preserve value while maintaining transactional flexibility. To ensure regulatory-grade compliance, MetaComp and USDT0 will work together to establish a robust on-chain AML/CFT framework. This will include the integration of wallet screening tools, cross-chain tracing capabilities, and real-time monitoring services powered by third-party databases and MetaComp's proprietary Know-Your-Transaction (KYT) infrastructure. As part of the rollout, USDT0 and XAUt0 will be listed on MetaComp's Client Asset Management Platform (CAMP), providing institutional and enterprise users with seamless access and trading capabilities. In addition, both stablecoins will be incorporated into StableX , MetaComp's programmable FX infrastructure, to support high-frequency transactions across multiple currencies and chains. "Our partnership with USDT0 reinforces MetaComp's mission to deliver compliant, programmable financial infrastructure that leverages on blockchain to deliver instant cross-border settlements for real-world payments", said Eddie Hui , Co-President and Chief Operating Officer of MetaComp. "By supporting USDT0 and XAUt0, we are enabling faster, more resilient, and globally interoperable payment flows that meet the needs of real-world users." "At USDT0, we are committed to building stablecoin solutions that go beyond digital speculation. Solutions that serve real economic needs," said Lorenzo R, Co-founder of USDT0 and Everdawn Labs "Partnering with MetaComp allows us to bring USDT0 and XAUt0 into a regulated, interoperable environment where they can support real-time, inflation-resilient finance across borders and blockchains. MetaComp's programmable FX and compliance-by-design architecture make them the ideal partner to support cross-chain stablecoin adoption at scale. This is a meaningful step toward a more inclusive and efficient global payment system." This collaboration marks a significant step toward a new era of stablecoin-powered financial infrastructure - one that combines real-time settlement, on-chain compliance, and cross-chain asset management within a unified, regulated ecosystem. END About USDT0 USDT0, the unified liquidity network for USDT, simplifies cross-chain movement without fragmented pools or complex bridges. As the unified gateway for USDT interoperability and expansion, USDT0 simplifies cross-chain liquidity, enhances accessibility, and unlocks new use cases for Tether holders, businesses, and DeFi platforms. With a focus on efficiency and scalability, USDT0 is redefining how USDT operates across networks. For more information, visit or follow us on Twitter @USDT0 . About Everdawn Labs Everdawn Labs is a premier software development consultancy, specializing in crafting bespoke software solutions that drive innovation, efficiency, and growth in the digital asset ecosystem. Everdawn Labs manages and operates USDT0, the unified liquidity network for USDT, XAUt0, the omnichain deployment of Tether Gold (XAUt), and Alloy by Tether, a USD-denominated Tethered Asset backed by gold. For more information, visit . ... About MetaComp MetaComp is a leading licensed cross-border FX and digital assets infrastructure provider headquartered in Singapore and licensed by the Monetary Authority of Singapore (MAS) under the Payment Services Act 2019. Operating on a P2B2C (platform-to-business/partners-to-clients) model, MetaComp empowers institutions, payment service providers, fintechs, and global enterprises to navigate the evolving cross-border payments and the digital asset economy with confidence. With a strong emphasis on compliance, security, and institutional-grade infrastructure, MetaComp delivers an end-to-end suite of digital finance solutions - including OTC and exchange trading, fiat payment rails, regulated digital asset custody, and prime brokerage services. MetaComp is a subsidiary of Alpha Ladder Finance Pte. Ltd., a MAS-licensed Capital Markets Services (CMS) licensee and Recognised Market Operator (RMO). Through its proprietary Client Asset Management Platform (CAMP), MetaComp provides a secure, integrated environment that bridges traditional finance with digital assets. MetaComp's latest innovation, StableX, is a next-generation cross-border FX and liquidity routing infrastructure designed to simplify and accelerate global fund flows. Powered by stablecoins and USD, StableX intelligently optimises multi-currency conversions and settlements, enabling faster, more cost-effective, and highly competitive cross-border transactions. As the FX layer within CAMP, StableX combines the programmability of digital assets with the reliability of regulated infrastructure, delivering a scalable, compliant and seamless ecosystem for the future of global finance.
Yahoo
22-06-2025
- Business
- Yahoo
Peter Schiff Says He Intends To Launch Gold-Backed Stablecoins, Deems Dollar As A 'Flawed' Fiat Currency
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Financial commentator Peter Schiff expressed his intent to launch a gold-backed stablecoin Thursday, questioning the value of those backed by the U.S. dollar. What Happened: Schiff responded to a comment on X that he should launch a gold-backed stablecoin. 'They already exist. But I do intend to launch my own,' Schiff replied. Many users soon converged on this post, with some even suggesting names for the initiative, such as SchiffCoin, while others called it a genuinely 'good idea.' It wasn't immediately clear whether Schiff was making a joke or genuinely interested in tying cryptocurrency to the asset he passionately supports. Benzinga reached out to entities connected to Schiff, such as SchiffGold, to gather additional information. The article will be updated when they respond. Trending: Your Crypto, Locked Down: Store Bitcoin, Ethereum, and more, with the Ledger Nano S Plus — .The conversation started on his original post, where he called the dollar a 'flawed' fiat currency and instead supported having a token purely backed by gold. 'I get Bitcoin, but not U.S. dollar stablecoins. If you're going to introduce a third party custodian, why settle for a token backed by a flawed fiat currency like the dollar, when you can own one backed by gold?,' he stablecoins do exist, with Tether Gold (CRYPTO: XAUT) and PAX Gold (CRYPTO: PAXG) among the most well-known. Year-to-date, the two coins have gained over 28%, matching the gains in the yellow It Matters: Schiff's views on stablecoins have been clear for some time. He has expressed doubts about the potential of stablecoins to maintain the U.S. dollar's dominance, suggesting their primary use would be in cryptocurrency trading. The discussion around stablecoins has picked up momentum, especially after the passage of the stablecoin bill by the Senate. President Donald Trump praised the move and urged Congress to get it on his desk without delay. Interestingly, Schiff established a personal 'Strategic Bitcoin Reserve,' promising not to sell any of it, in a move seen as a mockery of a similar declaration by President Donald Trump. Read Next: Grow your IRA or 401(k) with Crypto – unlock the power of alternative investments including a Crypto IRA within your retirement account. A must-have for all crypto enthusiasts: Sign up for the Gemini Credit Card today and earn rewards on Bitcoin Ether, or 60+ other tokens, with every purchase. Photo courtesy: Shutterstock This article Peter Schiff Says He Intends To Launch Gold-Backed Stablecoins, Deems Dollar As A 'Flawed' Fiat Currency originally appeared on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
13-06-2025
- Business
- Yahoo
Tether Investments acquires stake in Elemental Altus, expands into gold-backed assets
Tether Investments, an affiliate of the Tether Group, has announced the acquisition of a 31.9% stake in Elemental Altus Royalties, a Canadian gold-focused royalty company. The move is part of Tether's strategy to incorporate stable, long-term assets such as gold and Bitcoin into its ecosystem, enhancing its commitment to a resilient and decentralised digital economy infrastructure. On 10 June 2025, Tether Investments executed the transaction by purchasing 78,421,780 common shares from La Mancha Investments, representing 31.9% of Elemental's issued and outstanding shares. This transaction, known as the La Mancha Shares deal, was conducted offshore through a private agreement. Tether CEO Paolo Ardoino said: 'Tether's growing investments in gold and Bitcoin reflect our forward-looking strategy to build a more resilient and transparent financial system. Just as Bitcoin provides the ultimate decentralised hedge against monetary inflation, gold continues to be a time-tested store of value. 'By gaining exposure to a diversified portfolio of gold royalties through Elemental, we are strengthening the backing of our ecosystem while advancing Tether Gold and future commodity-backed digital assets. This is not just about investment – it is about building financial infrastructure for the next century.' Concurrently with the acquisition of the La Mancha Shares, Tether Investments entered into an Alpha 1 Option Agreement with AlphaStream and its subsidiary, Alpha 1 SPV. The agreement grants Tether Investments the option to purchase an additional 34,444,580 common shares of Elemental, known as the Alpha 1 Shares, under specific terms and conditions. The option is exercisable no earlier than 29 October 2025, pending Elemental's consent. Elemental Altus Royalties provides Tether with a broad-based investment in worldwide gold output via a royalties and streaming approach, circumventing the inherent operational hazards associated with mining. This approach aligns with Tether's inclination towards calculated, minimal-risk investments in tangible assets, aiming to boost the transparency and solidity of its digital financial offerings. Elemental Altus Royalties has also solidified its asset portfolio by signing a deal with Cornish Metals in July 2024, acquiring two tungsten royalties in Canada for C$6.19m ($4.5m). This acquisition includes an uncapped 4% net smelter return royalty on the high-grade Mactung Project, operated by Fireweed Metals, which is recognised as one of the world's largest tungsten deposits outside China. "Tether Investments acquires stake in Elemental Altus, expands into gold-backed assets" was originally created and published by Mining Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Yahoo
13-06-2025
- Business
- Yahoo
Tether Investments acquires stake in Elemental Altus, expands into gold-backed assets
Tether Investments, an affiliate of the Tether Group, has announced the acquisition of a 31.9% stake in Elemental Altus Royalties, a Canadian gold-focused royalty company. The move is part of Tether's strategy to incorporate stable, long-term assets such as gold and Bitcoin into its ecosystem, enhancing its commitment to a resilient and decentralised digital economy infrastructure. On 10 June 2025, Tether Investments executed the transaction by purchasing 78,421,780 common shares from La Mancha Investments, representing 31.9% of Elemental's issued and outstanding shares. This transaction, known as the La Mancha Shares deal, was conducted offshore through a private agreement. Tether CEO Paolo Ardoino said: 'Tether's growing investments in gold and Bitcoin reflect our forward-looking strategy to build a more resilient and transparent financial system. Just as Bitcoin provides the ultimate decentralised hedge against monetary inflation, gold continues to be a time-tested store of value. 'By gaining exposure to a diversified portfolio of gold royalties through Elemental, we are strengthening the backing of our ecosystem while advancing Tether Gold and future commodity-backed digital assets. This is not just about investment – it is about building financial infrastructure for the next century.' Concurrently with the acquisition of the La Mancha Shares, Tether Investments entered into an Alpha 1 Option Agreement with AlphaStream and its subsidiary, Alpha 1 SPV. The agreement grants Tether Investments the option to purchase an additional 34,444,580 common shares of Elemental, known as the Alpha 1 Shares, under specific terms and conditions. The option is exercisable no earlier than 29 October 2025, pending Elemental's consent. Elemental Altus Royalties provides Tether with a broad-based investment in worldwide gold output via a royalties and streaming approach, circumventing the inherent operational hazards associated with mining. This approach aligns with Tether's inclination towards calculated, minimal-risk investments in tangible assets, aiming to boost the transparency and solidity of its digital financial offerings. Elemental Altus Royalties has also solidified its asset portfolio by signing a deal with Cornish Metals in July 2024, acquiring two tungsten royalties in Canada for C$6.19m ($4.5m). This acquisition includes an uncapped 4% net smelter return royalty on the high-grade Mactung Project, operated by Fireweed Metals, which is recognised as one of the world's largest tungsten deposits outside China. "Tether Investments acquires stake in Elemental Altus, expands into gold-backed assets" was originally created and published by Mining Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Yahoo
12-06-2025
- Business
- Yahoo
Tether Buys $82M Stake in Gold-Focused Investment Company Elemental Altus
Stablecoin issuer Tether's investment arm bought a one-third stake in Elemental Altus (ELE), a publicly listed precious metals investment company, for C$121.6 million ($89.2 million). Tether Investments is aiming to diversify the assets that back its stablecoin USDT, the world's largest such token with a market capitalization of $155 billion, expanding into tangible assets and precious metals, according to an announcement on Tuesday. Tether acquired 78,421,780 common shares in Elemental from La Mancha Investments, a Luxembourg-based mining investment firm. Elemental's Toronto-listed shares spiked nearly 23% to C$1.77 ($1.30) following the announcement. They closed at C$1.53 on Wednesday, 6.25% higher than before Tether's investment. At press time, Tether's stake is worth nearly $88 million. CEO Paolo Ardoino said the investment reflects its "confidence in the fundamentals of gold and its critical role in financial markets." "Elemental's royalty model provides diversified exposure to gold production around the world, aligning strategically with our vision for Tether Gold and future commodity-backed digital asset infrastructure," he added. Tether referred to increasing its exposure to gold as a "dual pillar strategy", alongside its holdings of over 100,000 BTC ($10.7 billion). With regulation of stablecoins on the horizon in the U.S., issuers such as Tether are preparing for requirements to be compliant when it comes to the assets that back their tokens. This could extend to diversification of assets. It was suggested by JPMorgan earlier this year that Tether could have to sell some of its BTC in order to comply with the proposed regulation. UPDATE (June 12, 14:12 UTC): Adds purchase price to headline, first paragraph.
