Crypto
Tether Loans Soar as Crypto Giant Backs US Gold Dealer
Tether has emerged as a major bullion lender, providing $1.5 billion in financing to Gold.com Inc., a top US gold dealer.
The crypto giant accounted for most of the $1.7 billion in precious-metal leases outstanding at Gold.com by June 30th, according to the dealer's annual report.
Tether bought a stake in Gold.com earlier this year and was owed $1.45 billion in payables and advances from Gold.com at the end of the reported period.