According to PANews, as of April 28, Tether Gold (XAU₮) has a circulation corresponding to 246,523.33 ounces of gold, which is over 7.7 tonnes, with a market value of 770 million dollars. XAU₮ is currently regulated by El Salvador, with each token being backed 1:1 by physical gold stored in high-security vaults in Switzerland.

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