Tether Discloses $770 Million Worth of Physical Gold as Collateral for XAUT Stablecoin
** crypto news, updates, and insights 📈**
Tether, the firm behind various leading cryptocurrency stablecoins, including USDT, announced on April 28, 2025, that it holds $770 million in physical gold bullion reserves backing Tether Gold (XAUT) stablecoin. Introduced in 2020, XAUT is a digital asset linked to the price of one ounce of physical gold.
According to the recent press release from Tether, each XAUT token corresponds directly to a gold bar stored in secured Swiss vaults. Paolo Ardoino, the CEO of Tether, explains that Tether Gold provides users with the opportunity to access gold's security in a digital form, ensuring safety, convenience, and 1:1 gold backing.
As a response to the growing demand for transparency regarding stablecoin reserves, Tether will subject its gold reserves to regular audits by third-party custodians. While the company has not revealed the locations of the vaults, they maintain that security concerns are the primary reason for their confidentiality. Last month, Tether welcomed a new Chief Financial Officer (CFO) and pledged to complete a full audit.
The announcement comes at a time of increased scrutiny over reserve transparency across the crypto industry, alongside soaring gold prices surpassing $3,500/oz recently. This demonstration of gold reserves highlights an essential aspect of gold as a store of value, especially in periods of economic uncertainty.
In conclusion, XAUT is a unique digital asset that offers direct ownership of physical gold. As part of Tether's broader commitment to developing financial tools that integrate traditional assets with blockchain technology, XAUT provides users a secure, transferable, and easily manageable way of owning gold, making it an interesting alternative for crypto investors seeking a hedge against economic uncertainty.
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Tether Gold (XAUT) Update: Tether recently announced it holds $770 million in physical gold bullion reserves, with an emphasis on secure, transferable ownership and direct representation in the form of XAUT tokens. This move reflects Tether’s commitment to transparency and brings XAUT to the forefront as an alternative crypto investment.
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- Tether, the firm behind various cryptocurrency stablecoins, including USDT, announced a significant addition to their portfolio on April 28, 2025, revealing $770 million in physical gold bullion reserves backing Tether Gold (XAUT) stablecoin.
- In a recent press release, Tether emphasized that each XAUT token corresponds directly to a gold bar stored in secured Swiss vaults, positioning XAUT as a unique digital asset offering direct ownership of physical gold.
- Paolo Ardoino, the CEO of Tether, highlighted that Tether Gold provides users an opportunity to access gold's security in a digital form, ensuring safety, convenience, and 1:1 gold backing.
- To address the growing demand for transparency regarding stablecoin reserves, Tether will subject its gold reserves to regular audits by third-party custodians, continuing their commitment to honesty and accountability, especially in the realm of finance and investing.
- Amidst increased scrutiny over reserve transparency across the crypto industry, XAUT stands out as a compelling alternative crypto investment, demonstrating an essential aspect of gold as a store of value, especially in periods of economic uncertainty.
