$770 Million in Gold Bars: Tether Unveils Reserve Details for XAUT Stablecoin

Tether has revealed that each XAUT token is backed 1:1 by physical gold stored in secured Swiss vaults, reinforcing its commitment to transparency and asset-backed stability.

CEO Paolo Ardoino emphasized that Tether Gold offers users the reliability of gold in a digital format. Combining traditional value with blockchain efficiency. The company said third-party custodians regularly audit the reserves. Though it declined to disclose vault locations for security reasons. This update follows increased scrutiny over stablecoin reserves and Tether’s recent hiring of a new CFO to support a full audit process.

Clever Robot News Desk 30^th April 2025