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Gold.com (NYSE: GOLD) is a comprehensive platform for precious metals and alternative assets.
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Approximately $1.5 billion loan: Tether provides funding to top U.S. gold dealer Gold.com
Odaily News: Tether has provided a loan of approximately $1.5 billion to Gold.com, a leading U.S. gold dealer. As of June, this loan accounted for the majority of Gold.com's approximately $1.7 billion in outstanding precious metals leases.
Tether provides approximately $1.5 billion in financing to a U.S. gold dealer.
Bloomberg reported that stablecoin issuer Tether has become a major gold lender. As of the end of June, the financing Tether provided to the U.S. gold trading platform Gold.com accounted for the majority of its $1.7 billion in outstanding precious metals loans, with Gold.com’s payables and advances to Tether totaling $1.45 billion. Tether took a stake in the platform earlier this year.