Tether's $770M XAUT Backed by 7.7 Tons of Gold in Swiss Vault, Says Company

Tether Gold (XAUT) has reached a $770 million market capitalization and is backed by 7.7 tons of gold stored in a Swiss vault, said the company.

XAUT's growth was fueled by geopolitical tensions and rising inflation fears, Tether said.

The stablecoin issuer released XAUT's first attestation under El Salvador’s regulatory framework.

- From CoinDesk