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Tether Introduces Largest Gold-Backed Stablecoin with Regulatory Compliance
Tether launches a new gold-backed stablecoin, XAUt0, initially operating on the TON network. This stablecoin, Tether Gold, is pegged to gold's price, similar to how USDT is linked to the dollar. Each XAUT token is backed by three ounces of physical gold. Tether announced that the stablecoin now complies with Salvadoran regulations, and the first reserve report covering the first quarter of 2025 has been released under local legislation.
For the first time, the company has reported reserves for Tether Gold (XAUT), linked to gold prices. The issuer confirmed that each XAUT is backed by 7.7 tonnes of LBMA-standard gold bars stored in a Swiss vault.
With a market capitalization of approximately $800 million, XAUT is the largest gold-backed stablecoin. The company emphasizes that the key indicator remains the physical backing amount, rather than the token's volatile market price.
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AI Analysis
The launch of Tether's new gold-backed stablecoin, XAUT, represents a significant development in the crypto and traditional asset crossover. By anchoring the token to physical gold, Tether aims to com...
AI Recommendation
Investors interested in asset-backed cryptocurrencies might consider adding XAUT to diversify their holdings, especially as it offers a tangible backing with physical gold and regulatory compliance. H...
Disclaimer
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