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Tether backs XAUT tokens with physical gold
Tether already offers a gold-backed digital token called XAUT. Each XAUT token is backed by real gold bars stored in secure vaults. According to Tether’s website, the company holds 1,329 gold bars, equal to 16.2 metric tons of Gold, to support XAUT.
Tether moved to establish a new unit of account for gold, arguing that transactions denominated in "Scudo" could simplify digital payments.
The New York Attorney General’s (NYAG) office published new documents that show how at one point in the past, Tether’s USDT reserves were partly made up of securities issued by China-based companies. The documents were released over two years after ...
Tether introduces Scudo to simplify XAUT usage, enabling smaller gold units, smoother transfers, and on-chain adoption.
LONDON, May 2 (Reuters) - The world's largest stablecoin, Tether, has stepped up monitoring of how its tokens are used in broader crypto markets and payments in a bid to combat illicit finance, Tether said in a statement on Thursday. Tether, a ...
Tether is a stable coin (a kind of cryptocurrency) that actively operates to maintain stable valuation via market techniques. It’s the biggest in the stablecoin market, with 64% of the total $130.2 billion stablecoin market capitalization. The second ...
Tether's new USAT stablecoin is explicitly designed to comply with U.S. regulations like the GENIUS Act. Coinbase users will barely notice USAT's arrival since the exchange already favors (and makes money from) Circle's USDC solution. Stablecoins aren't ...
Tether, issuer of the largest stablecoin USDT, said Thursday it has teamed up with blockchain surveillance company Chainalysis to monitor transactions with its tokens on secondary markets. The surveillance system includes international sanctions compliance ...
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