Tether releases audit report for gold-backed token XAUT: supported by over 7.7 tons of physical gold

ChainCatcher news, according to official sources, Tether has announced that its gold tokenization product Tether Gold (XAUT) is now compliant in El Salvador and has released the first official audit report of XAUT that meets 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, with the circulating XAUT tokens backed by over 7.7 tons of physical gold.