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Tether Mints Nearly $495 Million in Gold-Backed XAUT Tokens

The issuance was valued at approximately $494.6 million and involved Tether Gold rather than USDT.

Mentioned assets
Gold bars beside a freshly minted metallic token / TokenPost.ai
Gold bars beside a freshly minted metallic token / TokenPost.ai

Tether minted nearly $495 million worth of Tether Gold (XAUT) in its latest issuance.

The mint was valued at approximately $494.6 million. The issuance involved XAUT, a token tied to gold, rather than USDT.

XAUT is a gold-backed crypto asset.

The latest mint involved Tether Gold (XAUT).

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