Tether Holds 7.7 Tons of Gold in Switzerland! Is the $XAUT Stablecoin a Digital Gold Mine?
Tether surprises the crypto world again! This time it's not about USDT, but about the gold-backed stablecoin: $XAUT or Tether Gold.
Recently, Tether announced that they hold 7.7 tons of physical gold in a Swiss bank vault as full reserves to support $XAUT. This means that each $XAUT token is now truly backed by real gold — not just a digital promise!
What Does This Mean?
Safer: $XAUT becomes a more stable stablecoin option compared to USDT or USDC, as it is backed by physical assets whose value has been proven over thousands of years.
Portfolio diversification: Crypto investors can now own gold without the hassle of storing it physically.
Anti-inflation move? Amid global economic turmoil, Tether's step could be a smart strategy against fiat currency depreciation.
Fun Fact: 7.7 tons of gold is equivalent to over $550 million USD at current gold prices. Imagine how serious Tether is about building trust in $XAUT!
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Is this the beginning of gold-backed stablecoin dominance? Or just a fleeting hype?
Share your thoughts in the comments!
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