Tether Unveils Full Gold Backing for XAUT Token, Market Cap Surpasses $2 Billion

Tether has confirmed its commitment to transparency by revealing that its Tether Gold (XAUT) token is fully backed by physical gold reserves. This milestone, which comes as XAUT’s market capitalization surpasses $2 billion, reinforces the token’s position in the rapidly expanding gold-backed crypto market. Tether assures investors of their trust through transparent reserve management. 375,572.297 troy ounces of gold are currently stored in Switzerland under the London Good Delivery standard, according to Tether’s official statement.