Crypto: Tether holds 7.7 tons of gold to support its stablecoin XAUT. The undisputed leader in the stablecoin sector is undoubtedly Tether's USDT. However, the company has also positioned itself with another version of this type of cryptocurrency, backed by physical gold. And as the price of this precious metal reaches new historical highs, it has just released a report on the reserves associated with its XAUT. On the agenda: 7.7 tons of gold for a total capitalization of 770 million dollars.

Key points of this article:

Tether has published a report revealing that its stablecoin XAUT is backed by 7.7 tons of gold, which corresponds to a capitalization of 770 million dollars.

The XAUT stands out as the second option in the sector of gold-backed stablecoins, far surpassing PAXG with a capitalization more than three times greater.