Tether Wants To Turn Tokenized Gold Into A Dividend Payment

Tether wants to change the future of dividend payments. And they are using tokenized gold to do it.

What’s happening:

• Elemental Royalty (NASDAQ: ELE) has launched a new dividend policy that will allow certain shareholders to receive a dividend in Tether Gold tokens instead of cash
  

Why it matters:‍

• This would be the first time ever a publicly traded precious metals royalty and streaming company issued tokenized gold as a dividend payment to shareholders
  

Going deeper:‍

• Elemental Royalty has publicly stated they plan to begin paying a dividend of $0.12 annually per common share and shareholders who are eligible will be able to elect to being paid in Tether Gold tokens as opposed to cash
  
• Tether has been continuing to diversify their profits into exposure to gold companies and physical gold, previously buying an 31.9% equity stake in Elemental Royalty

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