‼️ Tether takes a strong step towards enhancing the stability of its gold-backed currency!
According to the official announcement, Tether has purchased 7.7 tons of gold to support and enhance its digital currency XAUT$.
What is Tether Gold (XAU₮)?
It is a stablecoin backed by real gold at a 1:1 ratio, where each coin represents one troy ounce of pure gold stored according to the Good Delivery standards approved by the London Bullion Market Association (LBMA).
Features of XAUT:
• It grants its owner real ownership of gold without the need to bear high storage costs.
• It can be divided into small parts down to 0.000001 troy ounces, allowing for high flexibility in ownership and trading.
In summary:
XAUT combines the power of gold with the revolution of digital currencies, opening the door for smart, secure, and easily accessible global investment.
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