As gold prices reached unprecedented heights in the third quarter, Tether expanded the physical reserves behind its tokenized gold product, XAUT, to 11.6 tons. By September’s conclusion, Tether had secured 375,000 ounces of gold in Swiss vaults, causing XAUT’s market valuation to rise to $2.1 billion by October.
Continue Reading:Global Demand for Tether Gold Hits Unprecedented Levels
Source: https://en.bitcoinhaber.net/global-demand-for-tether-gold-hits-unprecedented-levels