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Tether Gold (XAUt) is a digital token backed by physical gold, currently supported by 7.66 tons of bullion and valued over $800 million, mirroring record-high gold prices amid global economic uncertainty.
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Tether Gold combines the stability of physical gold with blockchain technology, offering investors a portable and divisible asset.
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Institutional and central bank demand for gold has surged, driving both bullion prices and XAUt’s market capitalization upward.
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According to COINOTAG sources, XAUt’s price has increased by 40% over the past year, closely tracking spot gold performance.
Tether Gold (XAUt) surges with record gold prices, backed by 7.66 tons of bullion and $800M market cap. Explore the latest trends and investment insights today.
How Tether Gold (XAUt) Reflects Rising Gold Demand Amid Economic Turbulence
Tether Gold (XAUt) is a tokenized commodity that offers direct exposure to physical gold, currently backed by 7.66 tons of fine troy ounces, according to the latest attestation by BDO Italia. This reserve supports over 259,000 tokens, giving XAUt a market capitalization exceeding $800 million. The token’s price closely tracks physical gold, which trades just below $3,400 per troy ounce, combining gold’s traditional value with blockchain’s advantages such as portability and divisibility.