Tether’s Gold-Backed Token Reaches New Record High as Demand Soars

Tether’s gold-backed token, XAUT, has hit a record high of $3,423 this month, representing a 9.6% increase since the first quarter’s end. This surge is attributed to strong global demand for gold and heightened geopolitical uncertainties pushing investors towards safer assets like gold. Tether highlights its market dominance in the tokenized gold sector based on security, regulatory compliance, and a larger market size. The company aims to attract even greater interest from both institutional and retail investors through increased transparency.