Tether Gold Market Cap Hits $770 Million With 7.7 Tons of Swiss Gold Backing

Tether Gold’s market capitalization has recently surged past $770 million, fueled by the backing of 7.7 tons of LBMA-certified gold held securely in a Swiss vault. This move signals growing institutional trust and potentially a shift in the landscape for gold-backed digital assets. The news comes at a time when financial institutions are seeking more stable stores of value amidst market volatility. Tether, led by CEO Paolo Ardoino, emphasized the significance of Tether Gold becoming the standard tokenized gold product for both individuals and institutions.