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Crypto wrap: Tether invests in gold, American Bitcoin’s debut, plus a ruined holiday

Montage of cryptocurrrencies
GRIP Montage: Getty Images

Our weekly summary of the latest news and developments from the digital assets industry.

One of the world’s largest crypto firms, Tether, is looking into new avenues of investment after a recent surge in profits for the digital assets industry.

The world’s biggest stablecoin holder is reportedly exploring investment opportunities in the gold mining industry, in an effort to convert digital assets equity into