CoinDesk Podcast Network Tether Held Talks to Invest in Gold Mining: Report | CoinDesk Daily
Sep 5, 2025
Tether is eyeing investments in gold mining, raising questions about the future of stablecoins and the gold supply chain. Meanwhile, U.S. labor market data reveals a slowdown, with only 22,000 jobs added in August. The implications of Tether's potential gold investments could shake up the market, especially amid discussions of interest rate cuts. Could this be a pivotal moment for both the cryptocurrency and gold industries?
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U.S. Jobs Slow Raises Rate-Cut Odds
- U.S. payrolls rose by only 22,000 in August, far below expectations and July's pace.
- The weak jobs print increases odds the Fed will cut rates in September according to CME FedWatch.
Tether Eyes Deeper Play In Gold
- Tether has discussed investing across the gold supply chain including refining, trading, and royalties.
- The company already holds $8.7 billion in gold bars and issues XAUT tokens tied to one troy ounce each.
Gold's Rally Frames Tether Move
- Gold recently hit an all-time high above $3,550 per ounce after nearly doubling in two years.
- That price strength helps explain why Tether might expand into refining, trading, and royalty deals.