#Tether , the company behind stablecoin #USDT , has purchased 7.7 tons #emas to strengthen the reserves backing its digital gold token, #XAUT .

This move demonstrates Tether's commitment to enhancing transparency and trust in Crypto assets backed by gold.

Details of Gold Purchase by Tether

- Amount of Gold: 7.7 tons (equivalent to ~247,000 troy ounces).

- Purpose: To strengthen reserves for XAUT (Tether Gold), a token where each unit represents ownership of 1 troy ounce of physical gold.

- Storage Location: Gold is stored in Switzerland, with regular audits to ensure transparency.

What is XAUT?

- XAUT is a token backed 1:1 with physical gold.

- Each token represents 1 troy ounce of gold (31.1 grams).

- Can be traded 24/7 on various Crypto platforms, providing high liquidity compared to traditional gold investments.

Why is This Important?

1. Stability & Trust: By increasing gold reserves, Tether strengthens investor confidence that XAUT is truly backed by real assets.

2. Investment Alternative: XAUT allows investors to gain exposure to gold without the need to store it physically.

3. Hedge Against Inflation: Gold is often considered a safe-haven asset, and XAUT provides easy access to the global gold market.

Tether's Developments in Commodity-Backed Assets

In addition to USDT (USD-backed stablecoin), Tether is also developing commodity-based products such as:

- XAUT (backed by gold).

- #CNHT (backed by Chinese yuan).

This gold purchase reaffirms Tether's strategy to expand the range of Crypto assets secured by real assets.