Tether releases its first Tether Gold certification report: market value of approximately US$770 million
Internet reports that Tether released its first XAU (Tether Gold) certification report, showing that the circulation of the token has increased. Every XAU in circulation is backed by an equal amount of pure gold (246,523.33 ounces is equivalent to more than 7.7 tons of gold). The report was issued by independent auditor BDO Italy and confirmed Tether's gold reserves. Tether said the growth in XAU reflects rising investor interest in digital tokens backed by physical assets amid changes in the current monetary environment. In addition, Tether also plans to enhance transparency in the future, including regular release of audit reports and reserve updates.
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