Well now, gather ’round, folks! Antalpha, that curious contraption of a fintech platform, has decided to toss a hefty $40 million into the glittering abyss of Tether Gold. Why, you ask? To shield themselves from the wild winds of economic turbulence, of course! 🌪️
In a recent proclamation that could make even the most stoic of folks chuckle, Antalpha declared its intention to diversify its treasure chest by investing in Tether’s digital gold token, XAUt. It seems they believe this shiny token is just the ticket for institutional asset allocation, especially when the crypto market decides to throw a tantrum. 🎢
So, mark your calendars, dear readers! By June 30, 2026, Antalpha plans to plunk down a cool $40 million into XAUt, which they fancy as the “cornerstone collateral asset” of their loan structure. Sounds fancy, doesn’t it? 🤔
But wait, there’s more! Antalpha is not just sitting on its laurels; they’re eyeing more digital assets like XAUt to keep their lending operations afloat. Who knew investing could be so much fun? 💰
As of the latest gossip, Tether Gold has taken a slight tumble, down by 0.9% in the last 24 hours—just like real gold, it seems! Currently, it’s trading at a princely sum of $3,275, with a market cap that would make even the richest of kings blush: $807 million and a daily trading volume of $32 million. 💸
Antalpha is also cooking up a new portal on its website to dish out real-time market info on XAUt and its shiny physical gold assets. Because who doesn’t love a good gold update? 🏆
In addition to accepting Bitcoin and other mining collateral for crypto financing, they’ll soon be taking XAUt and GPU for AI compute as collateral loans. And let’s not forget their plans to expand margin loans through a partnership with Northstar, including Ethereum (ETH) margin loans on the Antalpha Prime platform. Talk about a smorgasbord of options! 🍽️
Paul Liang, the Chief Financial Officer of Antalpha, has declared that their new “digital gold” strategy is all about meeting the diverse needs of their clients while leading the charge in the digital asset financing industry. Sounds like a noble quest, doesn’t it? 🏰
Last April, Tether’s latest report revealed they’ve hoarded over 7.7 tons of physical gold to back their tokenized asset, Tether Gold. They claim that every XAUt token is backed by pure physical gold. Well, I suppose that’s one way to keep your gold close and your tokens closer! 🏅
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2025-05-29 11:32