Tether Gold reaches $3.3B market cap as bullion-backed token demand grows

Tether Gold (XAUt) reached a $3.3 billion market capitalization in the first quarter after growing 36% over the period. Tether said 707,741 XAUt tokens were in circulation at quarter-end, with each token backed by one troy ounce of physical gold. XAUt now represents more than half of the tokenized gold market.

XAUT2.16%
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