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Tether’s Tokenized Gold XAU₮ Sees Growth Amid Economic Uncertainty
Tether’s Tokenized Gold XAU₮ Sees Growth Amid Economic Uncertainty
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Tether’s gold-backed token XAU₮ has surged to a market capitalization of $770 million, with each token representing one troy ounce of physically vaulted gold in Switzerland. The product’s regulatory approval in El Salvador marks a strategic expansion as investors seek stability during monetary turbulence.
Gold’s allure intensifies as XAU₮ hit an all-time high of $3,423 on April 21—a 9.6% quarterly gain—before settling at $3,123.57. With 7.7 tons of bullion underpinning the token, Tether reinforces the narrative of crypto assets bridging traditional and digital wealth preservation.
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