Tether Reveals $770,000,000 Physical Gold Bullion Reserves Backing XAUT Stablecoin

Tether, the company behind several leading cryptocurrency stablecoins, including USDT, announced Wednesday that it holds $770 million in physical gold bullion reserves backing its Tether Gold (XAUT) stablecoin. Launched in 2020, XAUT is a digital asset pegged to the price of one ounce of physical gold.

Source: dailyhodl.com

Related symbols: XAUTUSD