Mirroring the price rise of an ounce of gold, XAUT was trading at about $3,123 as of that date, up 9.6% from the end of the last financial quarter, Tether said in a statement. "While central banks are stacking up hundreds of tons of gold, XAUT is set to become the standard tokenized gold product for the people and institutions," Tether CEO Paolo Ardoino said in a social media post. Meanwhile, financial institutions have increasingly sought to snap up gold over the past few years, with 29% of central banks reporting their intentions to bolster their reserves of the asset over the next twelve months, according to the World Gold Council's 2024 Central Bank Gold Reserves (CBGR) report.
Author: Liz Napolitano
Published at: 2025-04-28 22:11:59
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