Tether has more than 7.7 tons of gold that support their kaut token

StableCoin Giant Tether has become a total of over 7.7 tons of physical gold to return the tokenized agent, moored gold.

Moor discovered This through the Witness Report, the first company has issued for its digital golden (Kauut). By details, mooring (USDTT) The publisher said he was currently holding pure gold as a reserve for each kaut token in circulation.

The report, the company held 246,523.33 ounces of gold, in the total value of more than 7.7 tons.

“Each XAU ₮ Token is supported 1: 1 per three-party ounces of physical gold, firmly guarded at a dedicated vault within the world-class facilities,” the USDSTT publisher noted.

Release of testimony follows Tether’s Establishment of his seat In El Salvador.

In the comment, Moor The CEO Paolo Ardoin said that the tokenized gold product has earned a significant traction, including significant growth in the first quarter of 2025. Years.

Ardoin See that the moored gold continues to grow demand through the emerging market. Also expects new exchange lists for the XAut to further increase adoption such as gold shows greater resilience as a value store. The main receiver has added:

“With Xau ₮, we offer customers the ability to access physical gold in digital form-safe, easily portable and supported by gold reserves. It is part of our wider commitment to building financial tools that combine the best traditional property.”

Despite this mass waiver of gold, a bend to see Bitcoin (Btc) As “the most appropriate choice for a digital era.”

The company indicates itself as one of the largest investors in BTC educational resources. Tether is also an aggressive bitter buyer and held $ 8.2 billion in BTC At the end of Q1, 2025.

The XAutiva market cap was over $ 770 million from April 28, while the price of tokens hovered near $ 3,300, mirror of gold performance. The token reached its time in the amount of $ 3,423 21. April 2025. years.