Elemental Royalty Corporation has made a significant move by becoming the first publicly traded firm to allow shareholders to receive dividends in cryptocurrency backed by gold. This pioneering initiative enables investors to opt for payments in Tether Gold (XAUT), a digital asset issued by the leading stablecoin provider, Tether.
Shareholders now have the choice to receive their dividends in XAUT rather than traditional fiat currency, linking their returns directly to gold prices while benefiting from the convenience of digital transactions. This development follows Tether's strategic acquisition of a one-third stake in Elemental last year, aimed at enhancing its footprint in the real assets market.
According to Tether's CEO Paolo Ardoino, the move underscores the importance of integrating established financial tools into the evolving digital landscape. With this agreement, Elemental offers Tether a diversified entry into global gold mining while mitigating operational risks.
