Tether Backs $2.7 B BTC Transfer and Launches Gold Token Across Chains

Tether has moved $2.7 B in Bitcoin to support Twenty One Capital and partnered with the Load Foundation to introduce an omnichain variation of XAUt0.

Tether Backs $2.7 B BTC Transfer and Introduces Gold Token Across Chains

Tether is advancing its position in the real property economy with two significant strategic moves this week. Tether and Bitfinex Transfer $2.7 Billion in Bitcoin to Twenty One Capital as Vibrant Treasury Strategy Unfolds.

In a headline-making transaction, crypto powerhouses Tether and Bitfinex have transferred 25,812 BTC (worth nearly $2.7 billion) to a wallet linked to Twenty One Capital, the new Bitcoin treasury venture led by Strike creator Jack Mallers.

Tether Launches Omnichain Gold Token “XAUt0” on Heap to Expand Stablecoin Innovation

Tether has announced an omnichain version of its gold-backed stablecoin, XAUt, through a partnership with the Heap Foundation.

Mallers confirmed additional wallets will be revealed, including those holding Bitcoin for Tether, Bitfinex, and SoftBank. With support from Bitfinex, Tether, SoftBank, and Cantor Fitzgerald-linked entities, Twenty One Capital aims to be a flagship for the Bitcoin-centric future of corporate finance.

In related news, Tether has introduced an omnichain version of XAUt, a gold-backed stablecoin, in partnership with the TON Foundation.