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Tether Mints 119,670 Tether Gold Tokens Worth About $497 Million

The issuance adds nearly half a billion dollars of XAUT to the gold-backed crypto market.

Gold-backed tokens arranged beside a polished gold bar / TokenPost.ai
Gold-backed tokens arranged beside a polished gold bar / TokenPost.ai

Tether minted 119,670 Tether Gold (XAUT) tokens valued at about $497 million on Sept. 29, marking a notable issuance in the gold-backed crypto market.

The newly created tokens represent nearly half a billion dollars in additional XAUT supply.

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