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Tether’s tokenized gold product, XAUT, has released its first attestation, revealing 7.7 tons of gold backing. The token’s market cap has surged to $770 million amid rising demand for safe-haven assets.
- XAUT is backed by 7.7 tons of gold, with a market cap of $770 million.
- Gold has outperformed the S&P 500 by 32.6% YTD, the widest gap since 1975.
- Tether aims to expand XAUT in emerging markets as a digital gold alternative.
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