Summary
- Tether announced that its gold-backed digital asset, XAU₮, is backed by 7.6 tons of physical gold.
- The total circulating supply of Tether Gold is reported to be 250,000 tokens.
- Tether explained that XAU₮ is establishing itself as an essential portfolio hedge asset amid macroeconomic uncertainty and fiat currency volatility.
Tether (USDT) announced on the 25th that its gold-backed digital asset, XAU₮, is supported by 7.6 tons of physical gold.
According to crypto-specialized media outlet The Block, Tether stated in a press release that the total circulating supply of Tether Gold is 250,000, referencing these figures.
In the statement, Tether explained: "Gold-backed digital assets like Tether Gold are becoming increasingly essential portfolio hedge assets amid changes in macroeconomic uncertainty and greater volatility in fiat currencies," and described Tether Gold as "a familiar asset in a future-oriented form."
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
