CoinVoice has recently learned that Tether CEO Paolo Ardoino cited data on the X platform indicating that the market capitalization of XAUt exceeds 1.2 billion dollars, with the number of users growing by more than 50% each quarter.

Tether's gold stablecoin XAUt is backed by 1 troy ounce of physical gold for each token, stored in Swiss vaults. [Original link]