Tether Secures $770 Million in Gold for XAUT Stablecoin
- Tether holds $770 million in gold bullion reserves for its Tether Gold (XAUT) stablecoin.
- XAUT, launched in 2020, is pegged to the price of one ounce of gold.
- Each XAUT token represents direct ownership of gold bars stored in Swiss vaults.
- Third-party custodians regularly audit these reserves to ensure they match the tokens in circulation.
- Tether’s CEO, Paolo Ardoino, emphasizes the security and transferability of XAUT as a digital asset backed by physical gold.
Tether has announced that it holds $770 million in physical gold reserves backing its Tether Gold (XAUT) stablecoin, with each token representing ownership of gold stored securely in Swiss vaults. Regular audits are conducted to ensure reserve transparency.
Source (2.6)https://dailyhodl.com/2025/04/28/tether-reveals-770000000-physical-gold-bullion-reserves-backing-xaut-stablecoin/?rand=59076
