Tether enhances its golden token by purchasing 7.7 tons of gold! ✨🏦
Tether has announced a new strategic move, having purchased approximately 7.7 tons of gold to support its cryptocurrency token XAUT$ 🪙⚡
Through this step, Tether aims to strengthen its position in the digital currency market and provide a gold-backed token that enjoys a high degree of security and compliance with the highest global standards. ✅🌍
Each token XAUT$ is backed at a 1:1 ratio by a real troy ounce of actual gold, carefully and securely stored in private vaults within world-class facilities in Switzerland. 🏔️🔒
The purchased gold is subject to rigorous standards issued by the London Bullion Market Association (LBMA), which requires strict partner selections and thorough examination of gold certifications, in addition to regular audits conducted in the presence of specialized inspectors. 🧑💼🔎
The gold tokens XAU₮ are issued within a strict legal and regulatory framework to ensure the highest levels of transparency and credibility. ⚖️📜
Tether's new step confirms its commitment to providing stable and secure financial products amid economic fluctuations. ⏳🏛️