According to The Motley Fool, 12 tons of gold are reserved for Tether Gold (XAUT), a digital token issued by the fintech firm. The disclosure highlights the company’s strategy of backing digital assets with physical gold as part of its collateral framework.
The report notes that the majority of the gold holdings are reserved for backing UST, Tether’s main stablecoin. XAUT is presented as a separate token designed to provide investors with direct exposure to gold through a digital format.
XAUT and other gold-backed tokens illustrate how crypto firms diversify reserves beyond cash, even as the asset class carries regulatory and market risks. Like all cryptocurrencies, XAUT is unregulated, underscoring investor caution.
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