🚨🚨🚨 Tether has expanded its physical gold reserves by purchasing over 7.7 tons of new gold, supporting its digital product linked to gold, XAU₮. This announcement comes as the company's first regulatory certificate for the first quarter of 2025 is issued, reflecting the growing global demand for stable and inflation-protected assets.
🕵️Why did Tether buy gold?
🔥With escalating geopolitical tensions, fears of new trade tariffs, and ongoing global financial uncertainty, Tether aims through this investment to enhance the reliability of XAU₮ as a secure digital solution for investors seeking safe havens.
🎯Each XAU₮ token is fully backed by one troy ounce of gold certified by the London Stock Exchange (LON:LSEG) for precious metals (LBMA), securely stored in Switzerland, affirming Tether's commitment to compliance, transparency, and operational integrity.