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Tether’s Gold-Backed Stablecoin XAUT Holds $770M in Swiss Vault
Tether’s Gold-Backed Stablecoin XAUT Holds $770M in Swiss Vault
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Tether Gold (XAUT) has reached a $770 million market capitalization, backed by 246,523.33 ounces of physical gold stored in a Swiss vault. The token represents one troy ounce of LBMA-certified gold per unit, with Tether emphasizing strict controls and periodic audits to maintain trust.
"While central banks are stacking up hundreds of tons of gold, XAUT is set to become the standard tokenized gold product for the people and institutions," said Tether CEO Paolo Ardoino. The attestation comes as global investors increasingly turn to gold amid market volatility.
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