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Tether Mints $494.57 Million in Tether Gold (XAUt) Tokens
The issuance equals about 17% of XAUt’s circulating market value and was separate from a new USDT issuance.
Mentioned assets
Tether minted approximately $494.57 million worth of Tether Gold (XAUt) on Sept. 29, distinct from a new USDT issuance.
The newly minted XAUt represents about 17% of the token’s circulating market value, which stood at approximately $2.84 billion.
Tether Gold is Tether’s tokenized gold product, while USDT is the company’s U.S. dollar token. The latest issuance therefore expanded XAUt’s supply rather than adding to USDT’s circulating supply.
