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Tether Gold Disrupts Traditional Gold Markets with $1.5B in Holdings
Tether Gold Disrupts Traditional Gold Markets with $1.5B in Holdings
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BTCCSquare news:
Tether Gold (XAUt) has surged past $1.5 billion in market capitalization, backed by 7.7 tons of physical gold stored in Swiss vaults. This positions the stablecoin issuer as a formidable player in the gold market, rivaling central bank acquisitions.
The company's weekly accumulation of 2 tons mirrors China's central bank buying pace. Unlike traditional gold ETFs or LBMA vaults, Tether's dedicated infrastructure bypasses legacy systems, signaling a structural shift in commodity-backed crypto assets.
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