Tether Provides $1.5 Billion in Financing to US Gold Dealer

Tether has emerged as a significant gold lender, according to a Bloomberg report. As of the end of June, the stablecoin issuer provided approximately $1.45 billion in financing to the US gold trading platform Gold.com, accounting for the majority of its $1.7 billion in outstanding precious metal leases. Tether also acquired an equity stake in the platform earlier this year.