Tether Reports 7.7 Tons of Gold Backing 246,523 XAU₮ Tokens, $770M Market Cap in Q1 2025 Attestation
1 min read
Tether has released its first official attestation for the Tether Gold (XAU₮) stablecoin for the first quarter of 2025, confirming that more than 7.7 tons of physical gold back the tokens in circulation. The attestation reports that 246,523 XAU₮ tokens are fully backed by real gold stored in Switzerland, with each token representing one troy ounce of gold. The market capitalization of the XAU₮ token is approximately $770 million. Tether Gold is gaining traction in emerging markets and is fully regulated in El Salvador. The company also announced plans for several new exchange listings and emphasized strong compliance measures. This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz . To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io
Source: The Defiant
