BTCC
/
BTCC Square
/
Global Cryptocurrency
/
Tether Sets New Standard with Gold-Backed Stablecoin XAUt
Tether Sets New Standard with Gold-Backed Stablecoin XAUt
5
3
Tether has released its first attestation for XAUt, the gold-backed stablecoin, confirming over 7.7 tons of physical gold reserves. The move reinforces Tether’s commitment to transparency as demand for stable assets grows, particularly in emerging markets.
Each XAUt token represents one troy ounce of physical gold stored in Swiss vaults, distinguishing it from competitors reliant on paper gold derivatives. The attestation validates Tether’s 1:1 backing model amid increasing institutional interest in tokenized commodities.
By:
Previous
Abu Dhabi’s Financial Titans Step Up Crypto Push With Stablecoin Project
Next
Kenyan Central Bank Considers Gold Reserves Diversification to Reduce Dollar Dependence
