Tether Now Owns 7.7 Tons of Gold to Back Its XAUT Token
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Stablecoin issuer Tether has purchased 7.7 tons of gold reserves for its Tether Gold (XAUT) token. Each XAUT token is backed one-to-one by one troy ounce of physical gold of London Bullion Market Association (LBMA) gold bars, which are stored in a dedicated vault in Switzerland. Tether has released the attestation report for the first quarter of 2025, revealing that it has 246,523.33 ounces of gold in storage, equal to 7.7 tons. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io
Source: The Defiant
