Tether seeks to raise $200 million to establish an XAUT reserve.

[Tether seeks to raise $200 million to establish an XAUT treasury] Stablecoin issuer Tether is partnering with Singaporean financial services company Antalpha Platform to raise at least $200 million for a digital asset treasury to acquire Tether's XAUT gold token. If the fundraising is successful, it will be used to accumulate XAUT tokens.