The Stablecoin Giant Tether Targets Funding of Rp3 Trillion for XAUT

Tether Holdings, the company behind the USDT stablecoin, announced a partnership with crypto miner financing firm Antalpha Platform Holding to raise at least US$200 million or Rp3 trillion to accumulate Tether's digital assets, namely tokenized gold (XAUT).
"We are proud to announce the expansion of our collaboration with Tether, which further integrates Tether gold (XAUT) into our RWA Hub. Through this partnership, we will now offer XAUT-backed loans and full-stack infrastructure solutions, making digital gold more liquid, accessible, and real," wrote the official X account of AntalphaGlobal.
Tether Holdings and Antalpha Platform Holding will establish a new digital company to meet that target. Then, if the funding is successfully realized, the company will use that capital to accumulate XAUT. This effort is made to strengthen the relationship that has been established between the two most influential companies in the digital asset industry.
As information, Tether is a stablecoin giant through USDT, while Bitmain supplies most of the world's mining machines. Antalpha, which is closely related to Bitmain, has become a key partner of Tether in its efforts to enter the gold market.
In addition, this collaboration refers to the demand for gold which has surged by 46% this year, breaking records amid rising geopolitical uncertainty and inflation concerns. In fact, the market capitalization of Tether's gold token has also doubled this year.