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Tether releases audit report for gold tokenization product XAUT: backed by over 7.7 tons of physical gold.
BlockBeats news, on April 28, according to official information, Tether announced that its gold tokenization product Tether Gold (XAUT) has now achieved compliance in El Salvador and released the first XAUT official audit report in accordance with the new regulatory framework. The report states that each XAUT token is backed by 1:1 physical gold, which is securely stored in a dedicated vault within a world-class facility in Switzerland, and the circulating XAUT tokens are backed by over 7.7 tons of physical gold.