Tether’s XAUT Gold Backing Tops 7.7 Tons

Tether’s Gold Reserves Grow

Tether, issuer of the stablecoin USDT, has increased its gold holdings backing its XAUT token to over 7.7 metric tons. This represents a significant increase in the company’s gold reserves, further solidifying the XAUT token’s value proposition as a gold-backed digital asset. XAUT allows investors to gain exposure to gold without the complexities of physical ownership. The move comes amidst growing interest in gold as a hedge against inflation and economic uncertainty. Tether’s transparency regarding these reserves aims to build trust and confidence among investors.