Tether Brings $800M+ in Gold Onchain with XAUt, Offering a Digital Non-Fiat Store of Value
Tether has now brought over $800 million worth of gold onchain through its XAUt token on Ethereum, making it the largest gold-backed stablecoin by market cap24. Each XAUt token is fully backed by one troy ounce of physical gold stored in secure Swiss vaults, giving users a transparent, blockchain-based way to hold and transfer gold without relying on fiat currencies.
