by: xpoolPosted on:

Tether Doubles Down on Gold Backing with New $800 Million XAUT Stablecoin

Tether has bolstered its stablecoin offerings, confirming that the XAUT token is now backed by 7.7 tons of physical gold. This announcement comes as investors flock to gold-backed digital assets in response to global economic uncertainties. The new backing translates to a market capitalization of nearly $800 million, with XAUT’s price reaching $3,123.57 as demand for this asset class rises.

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