Tether Gold Now Backed by Over 7.7 Tons of Physical Gold

Stablecoin issuer Tether has secured over 7.7 tons of physical gold to back its XAUT tokenized asset, according to a recent attestation report. The company revealed this information in an attestation report, marking the first time they have disclosed reserves for their digital asset Tether Gold (XAUT). This means each XAU₮ token is directly backed by one troy ounce of pure gold, stored securely in dedicated Swiss vaults.