Tether Releases First Tether Gold Audit Report: Market Cap Approximately $770 Million
Tether has released the first audit report for XAU₮ (Tether Gold), showing the token's circulation growth. Each XAU₮ in circulation is backed by an equivalent amount of pure gold (246,523.33 ounces equivalent to over 7.7 tons of gold). The report, issued by independent audit firm BDO Italy, confirms Tether's gold reserves. Tether stated that the growth of XAU₮ reflects increasing investor interest in physically-backed digital tokens amid changes in the current monetary environment. Additionally, Tether plans to enhance transparency in the future, including regular audit reports and reserve updates.
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