According to Paolo Ardoino, Tether's CEO, Tether Investments acquired a one-third stake in Elemental Altus for $89.2 million to diversify assets backing USDT, as stated in the announcement. This investment increases gold exposure to support Tether Gold and future commodity-backed digital assets, with Elemental's shares surging 23% post-announcement. Tether's dual strategy includes over 100,000 BTC holdings, and JPMorgan indicated potential BTC sales may be needed for US stablecoin regulation compliance.