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Tether’s XAUT Moves Value Equal to 94 Tons of Gold On-Chain

Tether’s XAUT Moves Value Equal to 94 Tons of Gold On-Chain

Tether CEO Paolo Ardoino highlights that 94 tons’ worth of tokenized gold were transferred on-chain in half a year with minimal fees, showcasing blockchain’s advantage over traditional gold movement.

XAUT

Fact Check
Multiple credible and primary statements from Tether's CEO Paolo Ardoino, published across reputable and semi-reputable news outlets, consistently assert that 94 tonnes worth of XAU₮ were transferred over a defined period. These statements are directly attributed to the source with the highest authority on Tether Gold's reserves and transaction data. The official Tether news releases confirm XAU₮'s backing by LBMA-certified physical gold in Swiss vaults, supporting the general notion that XAU₮ transactions can be quantified in gold weight equivalence. While the statement in question is slightly ambiguous about whether it refers to total backing or merely the amount transferred, the available evidence supports that at least 94 tonnes worth of XAU₮ was moved in recent activity. No credible contradictory evidence emerged in the sources reviewed, which reinforces the likelihood of truth. The only minor uncertainty arises from whether 'represents' in the claim refers to overall circulating supply versus specific transfer volume; however, given consistent authoritative confirmation of the 94-tonne figure, the probability remains high.
Summary

Tether CEO Paolo Ardoino reported that its tokenized gold product XAUT processed on-chain transfers equivalent to 94 tons of gold in the past six months, with fees totaling just 0.0016%. Unlike physical gold transport—which incurs high costs for security, insurance, and logistics—XAUT enables near-instant settlement and low-cost cross-border transfers. Ardoino noted this demonstrates blockchain’s efficiency in handling large-value transactions.

Terms & Concepts
  • Tokenized gold: A digital asset representing ownership of physical gold, issued on a blockchain for easier transfer and settlement.
  • On-chain transfer: A blockchain transaction that is recorded directly on the distributed ledger, ensuring transparency and immutability.
  • XAUT: Tether’s tokenized gold product, backed by physical gold reserves and transferable via blockchain networks.