Tether confirms full backing of XAUT token with physical gold, market cap exceeds 2 billion USD

Tether’s assurance report for the third quarter affirms that each XAUT token is fully backed by physical gold bars worth approximately 1.44 billion USD.

Thanks to increasing gold prices, the market capitalization of XAUT tokens rose significantly to 2.1 billion USD, up from below 850 million USD in August.