Tether CEO Paolo Ardoino stated on the X platform that over the past six months, tokenized gold XAUT equivalent to 94 tons of gold has been transferred on-chain, with total fees amounting to only 0.0016%. Paolo Ardoino, CEO of Tether, announced on X that tokenized gold XAUT has moved on-chain to a total of 94 tons of gold over the past six months. The operation carried a combined fee rate of just 0.0016%, underscoring cost efficiency in on-chain settlements.

This data highlights growing use of tokenized assets on blockchain networks and could signal broader institutional interest in tokenized gold as a form of digital collateral. The metrics show meaningful throughput for XAUT transfers while maintaining low costs.

Analysts say sustained on-chain transfers of XAUT may indicate increased liquidity and utility for tokenized metals within crypto markets. This trend could influence custody and regulatory discussions as tokenized assets mature.

OFFICIAL PARTNER

Leave a Reply

OFFICIAL PARTNER

More Articles

Trending

Discover more from Rich by Coin

Subscribe now to keep reading and get access to the full archive.

Continue reading