Tether Rolls Out Gold Backed Token XAUt On BNB Chain

Tether Rolls Out Gold Backed Token XAUt On BNB Chain Stablecoin giant Tether said Thursday that its gold backed token, Tether Gold (CRYPTO: $XAUt), has launched on BNB Chain. XAUt, the largest tokenized gold product in crypto, currently sits at an estimated market cap of around $2.49 billion, with each XAUt token backed 1:1 by physical gold reserves held in Swiss vaults as London Good Delivery bars. BNB Chain noted that the addition of XAUt expands access to real-world assets (RWAs) within its ecosystem, ...