🚀Tether Gold (XAUt) – A safe and transparent gold investment opportunity
🌟Backing and Storage: Each Tether Gold (XAUt) token is backed by real gold and stored in secure vaults in Switzerland. Currently, XAUt is backed by 7.7 tons of gold, equivalent to 246,523.33 troy ounces of gold.
📈Market Capitalization: XAUt has reached a market capitalization of approximately 770 million USD.
🔍Legal Compliance: Tether has published its first official audit report under the new legal framework in El Salvador, enhancing the legal transparency of XAUt.
🔗Token Mechanism: Each Tether Gold token represents 1 troy ounce of gold on a Good Delivery standard gold bar.
📊Market Performance: The price of each token peaked at 3,423 USD on April 21, 2025, due to increasing demand for safe-haven assets amid the global financial crisis.
🔎Transparency: Tether is committed to transparency with regular audit reports, ensuring that the gold reserves correspond to the total number of XAUt tokens in circulation.