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Tether’s Tokenized Gold Product XAUT Hits Record 7.7 Ton Backing Amid Safe-Haven Demand
Tether’s Tokenized Gold Product XAUT Hits Record 7.7 Ton Backing Amid Safe-Haven Demand
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Tether’s XAUT, the leading tokenized gold product, now holds a record 246,523.33 ounces (7.7 tons) of physical gold backing, valued at $770 million. The token peaked at $3,423 on April 21, reflecting a 9.6% quarterly gain as investors flock to gold-linked crypto assets.
The first official attestation underscores Tether’s commitment to transparency, strengthening institutional appeal. Gold’s resurgence as a hedge against macroeconomic uncertainty directly benefits XAUT’s market position as the sector’s most compliant offering.
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