Tether Launches New Digital Asset Treasury Initiative with Antalpha

Tether, the world’s leading stablecoin issuer, has partnered with Antalpha Platform Holding to launch a new digital asset treasury (DAT) fund worth at least $200 million. This initiative aims to acquire Tether’s XAUT token, backed by gold. The funds will be used to bolster liquidity and value for this token. 250,000 XAUT tokens are currently in circulation, backed by over 7.66 tons of gold, according to recent reports.