Reminder Report for Tether Gold (XAU₮) - Market Value Reaches $770 Million
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**Key Audit Findings**
Tether has released its quarterly reminder report on Tether Gold (XAU₮), which revealed that the market value has reached $770 million. The report confirms that all issued tokens are fully backed by gold at a 100% ratio.
**Reserve Breakdown**
- 197,028.64 troy ounces of actual gold held
- Gold stored in Switzerland with periodic audits
- Each XAU₮ token represents 1 troy ounce of gold
**Market Impact**
This transparency report comes at a time when demand for gold-backed stablecoins is increasing amid market volatility. XAU₮ offers:
- 24/7 trading availability
- Lower fees than physical gold ETFs
- Blockchain settlement advantages
