Tether has released a gold-backed version of its USDT token, specifically for the XAUT stablecoin, confirming 7.7 tons of physical gold backing each token. This comes as Tether’s CEO highlights increasing demand for digital assets backed by real-world commodities like gold. The audit report confirms that each XAUT token is supported by actual gold, stored securely in Switzerland. BDO Italy, the independent auditor, played a key role in confirming the accuracy of these reserves. 7.7 tons of gold signifies a significant milestone for Tether and its commitment to offering more tangible backing to their digital tokens. This move strengthens investor confidence in stablecoins amidst global economic uncertainties and increasing interest in gold investments.