Tether CEO: XAUt Market Cap Surpasses $1.2 Billion

According to a report by Jinse Finance, Tether CEO Paolo Ardoino cited data on the X platform, stating that XAUt's market capitalization has surpassed $1.2 billion, with the number of users growing by more than 50% each quarter. Tether's gold-backed stablecoin XAUt is supported by one troy ounce of physical gold per token, stored in Swiss vaults.