Tether’s XAUT Token Shows Over 7.7 Tons Gold Backing
- XAUT’s first attestation reveals backing of 246,523.33 ounces (over 7.7 tons) of gold.
- Each XAUT token is priced at $3,123.57 with a market cap of $770 million.
- The token hit an all-time high price of $3,423 on April 21.
- Gold prices have outpaced the S&P 500 by 32.6% this year.
- Central banks’ gold holdings now make up about 18% of global reserves, the highest in 26 years.
Tether’s XAUT has achieved significant growth amid rising global demand for gold as a safe-haven asset, supported by its first official attestation and increasing interest from both institutional and retail investors.
Source (2.6.1)https://cryptoslate.com/tethers-tokenized-gold-hits-record-7-7-ton-backing-amid-global-demand-for-safe-haven-assets/?rand=24433
