Tether and Antalpha are preparing to raise $200 million for a new project.
Date: 2025-10-06 Author: Oliver Abernathy Categories: BUSINESS
Tether, known as the issuer of USDT, and Antalpha Platform Holding intend to raise up to $200 million to launch a new business that will manage a treasury based on XAUT. Bloomberg reports this, citing its sources.
According to the publication, the new company is planned to be publicly traded, with Cohen & Co. serving as advisor. The exact stage of negotiations is still unknown, and representatives of the companies declined to comment.
At the end of September 2025, Tether and Antalpha expanded their partnership. One of the areas of the partnership was the ability to purchase and store XAUT through the Antalpha RWA Hub platform. Earlier, in May 2025, Antalpha held an IPO, in which Tether acquired 1.9 million shares, representing 8.1% of the company's stake.
XAUT is a gold-backed stablecoin, with each token equivalent to one troy ounce of the precious metal. In April 2025, Tether announced that it holds over 7 tons of real gold as a reserve for these tokens.
The creation of this new company will allow Tether and Antalpha to strengthen their position in the gold-backed stablecoin market and offer investors additional tools for working with real assets. Experts note that the project could be an important step in the integration of cryptocurrencies and precious metals, as well as fostering greater trust in gold-backed tokens.
According to sources, the new business is focused on transparent treasury management and liquidity for XAUT, which is particularly relevant amid growing institutional investor interest in stablecoins with real value.
Going forward, the companies plan to expand the platform's functionality, allowing clients to securely acquire, store, and manage gold-backed tokens. This could also open up new opportunities for integration with other crypto platforms and financial instruments, creating an ecosystem for reliable and liquid assets.
Experts emphasize that this move by Tether and Antalpha strengthens their position in the collateralized digital currency market and could pave the way for the emergence of new instruments at the intersection of cryptocurrencies and traditional assets.
The announcement of raising $200 million demonstrates the companies' strategic commitment to developing gold-based stablecoins and creating long-term value for investors, and confirms their commitment to expanding cooperation between major crypto market players.
