BTCC
/
BTCC Square
/
decryptCO
/
Tether Now Holds 7.7 Tons of Physical Gold—Because Apparently Crypto Wasn’t Volatile Enough
Tether Now Holds 7.7 Tons of Physical Gold—Because Apparently Crypto Wasn’t Volatile Enough
17
3
Tether just turned the gold standard into a digital token—because why let centuries of monetary tradition go to waste?
The stablecoin giant now backs its XAUT token with a staggering 7.7 tons of physical gold. That’s roughly $500 million worth of shiny metal sitting in a vault somewhere, waiting for the next financial apocalypse.
Gold-backed crypto: Because sometimes you want your decentralized finance with a side of 19th-century monetary policy.
Will this finally satisfy the ’but where’s the real value?’ crowd? Unlikely. But hey—at least it’s not another meme coin.
Daily Debrief Newsletter
Start every day with the top news stories right now, plus original features, a podcast, videos and more.Your EmailGet it!Get it!
By:
