#AirdropFinderGuide 😳Tether holds 7.7 tons of gold to back the stablecoin XAUT

This asset is tied to the price of gold, which is rapidly rising amid economic uncertainty. With such assets, investors can purchase tokenized gold on cryptocurrency exchanges.

Tether assures that each XAUT token is backed by one troy ounce at a 1:1 ratio. The physical gold is stored in Switzerland.

Currently, the company's reserves amount to 246,523 ounces, valued at $812 million, which equals the market capitalization of the stablecoin.

X | Binance