Tether's Golden Gambit: Over 7.7 Tons of Gold Backs New Crypto!

First-Ever Attestation Report Unveils Tether Gold's Shiny Secrets

Hold onto your hats, crypto fans! Tether, the powerhouse behind the stablecoin scene, just dropped a bombshell. They're sitting on a mountain of gold - over 7.7 tons - to back their dazzling new token, Tether Gold!

In a jaw-dropping attestation report, the first of its kind for Tether Gold (XAUT), the company spilled the beans. They're holding pure, gleaming gold as the reserve for every single XAUT token out there. Talk about a golden guarantee!

The numbers are staggering - 246,523.33 ounces of the shiny stuff, adding up to more than 7.7 tons. That's a lot of bling to back up their digital asset!

Tether isn't messing around when it comes to security. "Each XAU₮ token is backed 1:1 by one troy ounce of physical gold, locked up tight in a top-notch vault in Switzerland," they boasted. It's like Fort Knox, but for crypto!

This golden revelation comes hot on the heels of Tether setting up shop in El Salvador. They're not just talking the talk; they're walking the walk across borders!

Tether's CEO, Paolo Ardoino, couldn't contain his excitement. He said their tokenized gold is on fire, with explosive growth in early 2025. "We're just getting started," he declared, predicting even more demand from emerging markets and new exchange listings to fuel the XAUT frenzy.

Ardoino's vision is as bold as the gold they're holding. "With XAU₮, we're giving people the power to own real gold, but in a digital form that's secure, easy to move, and backed by our fully held reserves. It's the best of both worlds - traditional assets meet blockchain magic!"

But wait, there's more! While Tether's swimming in gold, they've got their eyes on an even shinier prize: Bitcoin. They call it "the most forward-looking choice for the digital era." And they're not just talking - they're walking the walk, pouring billions into BTC education and snapping up over $8.2 billion in Bitcoin by the end of Q1 2025.

As for Tether Gold, it's shining bright with a market cap over $770 million as of April 28. The token's price is hovering near $3,300, tracking the gold market like a pro. And it just hit an all-time high of $3,423 on April 21, 2025. The future's looking golden for XAUT!