May 4, 2025
Tether's $ 770m Xaut Backed by 7.7 Tons of Gold in Swiss Vault, Says Company thumbnail
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Tether’s $ 770m Xaut Backed by 7.7 Tons of Gold in Swiss Vault, Says Company

TETHER REPORTED The FIRST ATTESTATION REPORT FOR ITS TETHER GOLD PRODUCT UNDER NEW El Salvador Regulations as Gold Demand Surges Globally”, – WRITE: www.coindesk.com

Tether’s $ 770m Xaut Backed by 7.7 Tons of Gold in Swiss Vault, Says CompanyTETHER REPORTED The FIRST ATTESTATION REPORT FOR ITS TETHER GOLD PRODUCT UNDER NEW El Salvador Regulations as Gold Demand Surges GloballyUpdated APR 28, 2025, 5:33 PM PUBLISHED APR 28, 2025, 4:33 PM

Tether’s Gold-Backed Stablecoin, Tether Gold (XAut), Reached A $ 770 Million Market Capitalization as of April 28, Accounting To The Company’s Firm.

“While Central Banks Are Stacking Up Hundreds of Tons of Gold, XAut Is Set to Become The Standard Tokenized Gold Product for the People and Institutes,” Tether Ceo Paolo.

The token is Backed 1: 1 by 246,523.33 Ounces – Over 7.7 tons – of Physical Gold Stored in A Dedicated Swiss Vault, Said Tether.

Each Xaut Token RepreSents One Troy Onic of LBMA-CERTIFIED GOLD. Tether SAID IT Applies Strict Controls, Including Gold Bar Verification and Periodic Audits, to Mainten Trust in the Token’s Backing.

The attachment of comes at a timen WHEN GLOBAL INVESTORS are increatingly turning to Gold as a Hedge Against Economic Instability and Rising Geopolitical Risks.

Central Banks, Particularly Across Brics Nations, Have Been Buying Gold at Record Levels, Accompumulating Over 1.044 Metric Tons In 2024 Alone, Access to The World Gold.

The Yellow Metal Has Touched NumeRous Record Highs in 2025 Amid An Ongoing Rally that’s Seen Ists Price Gain About 27% Year-To-Date. IT’s Currently Trading at $ 3,343 per OUNCE, HAVING MORE THAN DOBLED SINCE November 2022.

Tether Emphasized that Unlike Other Tokenized Gold Products, XAut Is Physically Backed and Regulated, Position IT as A Safer Option for USers Wary of “Paper Gold” Exposure.

Disclaimer: Parts of this Article Were Generated with the Assistance from AI Tools and Review by Our Editory Team to Enseure Accucy and Adherice Tour Standards. For more information, See Coindesk’s Full Ai Policy.

Tom Carreras

Tom Writs About Markets, Bitcoin Mining and Crypto Adoption in Latin America. He have a bachelor’s Degree in English Literature from McGill University, and CAN USUALLY BE FOR COSTA Rica. He Holds Btc Above Coindesk’s Discalosure Threshold of $ 1,000.

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