Tether Secures Gold Reserves to Support XAUT Token

Tether has taken a significant step towards bolstering the security of its stablecoin, XAUT, by acquiring 7.7 tons of gold in support of the token. This move aligns with Tether’s strategy to connect digital assets with physical ones, potentially boosting the stability and confidence of the wider crypto market. The company aims to enhance XAUT’s backing through this strategic gold acquisition. Tether CEO Paolo Ardoino, who played a key role in driving this initiative, collaborated with TG Commodities for regulatory compliance on the process.