Tether disclosed that 94 tons of tokenized gold (XAUT) have been moved on-chain over the past six months, with a total on-chain fee of only 0.0016%. XAUT is a tokenized asset pegged to physical gold, enabling transfer of gold ownership on the blockchain. The transactions illustrate the efficiency of on-chain transfers in cross-border flows and lower costs relative to conventional logistics.
By contrast, conventional gold movement involves substantial logistics and security costs for central banks. The development underscores the potential of tokenized assets to streamline gold transfers and improve settlement speed. As tokenized gold gains traction, broader adoption by financial institutions could reshape cross-border settlement norms.
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