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Antalpha Deposits 1,700 XAUT Worth $8.46 Million Into Cobo Wallet

According to OnchainLens, Antalpha moved 1,700 XAUT valued at about $8.46 million to a Cobo deposit wallet on March 17, involving Tether’s gold-backed tokenized asset.

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XAUT

Summary

According to OnchainLens, Antalpha transferred 1,700 XAUT worth about $8.46 million to Cobo’s deposit wallet on March 17. XAUT, also known as Tether Gold, is a tokenized gold asset issued by Tether and backed by physical gold. The reported transaction reflects an onchain movement of a gold-backed digital asset between wallets linked to Antalpha and Cobo.

Terms & Concepts
  • XAUT: Tether Gold, a tokenized asset issued by Tether that is backed by physical gold.
  • Tether Gold: A gold-backed digital token designed to provide blockchain-based exposure to physical gold.
  • tokenized gold asset: A blockchain-based token that represents ownership or exposure tied to physical gold reserves.