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BTCC / BTCC Square / Global Cryptocurrency /
Tether Holds $770M in Swiss-Vaulted Gold for XAUT Backing

Tether Holds $770M in Swiss-Vaulted Gold for XAUT Backing

Author:
Global Cryptocurrency
Published:
2025-04-29 23:09:02
18
2

Tether’s gold-backed stablecoin XAUT now has $770 million in physical bullion reserves stored in Switzerland. The token, pegged 1:1 to fine gold since its 2020 launch, represents 7.7 tons of the precious metal at current valuations.

Gold’s rally to record highs above $3,100/oz reflects growing institutional demand for inflation hedges. Tether’s transparency push comes as macroeconomic uncertainty drives renewed interest in asset-backed crypto products.

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