Tether’s gold-backed stablecoin, Tether Gold (XAUT), reached a $770 million market capitalization as of April 28, according to the company’s first attestation …
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Markets
Tether Reveals $770,000,000 Physical Gold Bullion Reserves Backing XAUT Stablecoin
by shayaanby shayaanTether, the company behind several leading cryptocurrency stablecoins, including USDT, announced Wednesday that it holds $770 million in physical gold bullion reserves …
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Markets
Gold ETF Inflows Hit Three-Year High as PAXG, XAUT Outperform Wider Crypto Market
by shayaanby shayaanAs traditional gold markets heat up, crypto investors are following suit—flocking to tokenized versions of the precious metal that offer both price …