According to Tether's announcement on Tuesday, the stablecoin issuer invested C$121.6 million ($89.2 million) for a one-third stake in Elemental Altus to diversify USDT reserves into gold, enhancing asset backing as U.S. regulations loom. This move signals a strategic shift toward tangible assets, potentially impacting BTC holdings if compliance requires divestment, as suggested by JPMorgan earlier this year. Elemental shares surged 23% post-announcement, reflecting market confidence in gold's role in stabilizing crypto markets.