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Tether Mints $494.57 Million in Tether Gold (XAUt) Tokens

The issuance equals about 17% of XAUt’s circulating market value and was separate from a new USDT issuance.

By Enna Lee
Published
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Gold tokens and a bar arranged on a secure minting counter / TokenPost.ai
Gold tokens and a bar arranged on a secure minting counter / TokenPost.ai

Tether minted approximately $494.57 million worth of Tether Gold (XAUt) on Sept. 29, distinct from a new USDT issuance.

The newly minted XAUt represents about 17% of the token’s circulating market value, which stood at approximately $2.84 billion.

Tether Gold is Tether’s tokenized gold product, while USDT is the company’s U.S. dollar token. The latest issuance therefore expanded XAUt’s supply rather than adding to USDT’s circulating supply.

Enna Lee

Reporter

Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.

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