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Tether Acquires 7.7 Tons of Gold for XAUT Backing

Solomon M. by Solomon M.
April 28, 2025
in Altcoin News
tether gold bars oil painting
Key Points:
  • Gold purchase underlines Tether’s strategic expansion in digital assets.
  • XAUT token’s gold backing supports market stability.
  • Integration with Telegram’s TON blockchain boosts asset value.
tethers-gold-acquisition-for-xaut-token
Tether’s Gold Acquisition for XAUT Token

Tether has purchased 7.7 tons of gold to enhance the collateral for its XAUT token, strengthening its market position. This move aligns with Tether’s strategy under CEO Paolo Ardoino, and the gold is stored in Swiss vaults.

Tether’s gold acquisition impacts XAUT by providing robust backing, fostering market trust. The involvement of Telegram’s ecosystem further enhances XAUT’s visibility and potential for greater adoption.

Securing Stability

Tether, led by CEO Paolo Ardoino, has secured 7.7 tons of gold to reinforce its XAUT token’s backing. Under this strategy, XAUT’s gold reserves are held in Swiss vaults. Tether initiated this move to enhance asset stability.

The acquisition underpins Tether’s intent to strengthen its XAUT token, aligning with its reputation for innovation in stablecoins. With the token backed by physical gold secured in Switzerland, market confidence is expected to rise significantly.

Market Dynamics

TON blockchain’s integration with Tether products facilitated notable price activity. The increase in XAUT’s market value aligns with its physical gold reserves, supporting both investor confidence and asset security.

XAUT is issued by TG Commodities Limited and backed by 246,523.33 ounces of gold. This solid backing positions XAUT as a strong player amid rising global demand for tokenized assets, further substantiated by official reserve attestations from Tether.

Strategic Expansion

Tether’s expansion into peer-to-peer blockchain ecosystems may stimulate innovation and market adoption. Partnering with Telegram’s TON signals a strategic effort to integrate cryptocurrency payments, aligning with increasing preference for digital financial services.

This strategic expansion into Telegram’s Web3 ecosystem aims to revolutionize peer-to-peer payments and integrate seamless financial services for over 900 million monthly active users. — Paolo Ardoino, CEO, Tether
Disclaimer:

The content on The CCPress is provided for informational purposes only and should not be considered financial or investment advice. Cryptocurrency investments carry inherent risks. Please consult a qualified financial advisor before making any investment decisions.

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