Odaily Planet Daily reports that Tether CEO Paolo Ardoino announced on X that over the past six months, a total of 94 tons of tokenized gold XAUT has been transferred on-chain, with a total fee of only 0.0016%. (Note: XAUT is a tokenized asset issued by Tether backed by physical gold, allowing users to transfer gold ownership on the blockchain.) In comparison, traditional central banks often spend millions of dollars on logistics and security costs to transport physical gold. Tokenized gold enables near-instant settlement and extremely low-cost transfers, highlighting the efficiency advantages of on-chain assets in cross-border flows.
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Tether CEO: Over the past 6 months, 94 tons of gold worth of XAUT have been transferred on-chain with a fee of only 0.0016%
Odaily Planet Daily reports that Tether CEO Paolo Ardoino announced on X that over the past six months, a total of 94 tons of tokenized gold XAUT has been transferred on-chain, with a total fee of only 0.0016%. (Note: XAUT is a tokenized asset issued by Tether backed by physical gold, allowing users to transfer gold ownership on the blockchain.) In comparison, traditional central banks often spend millions of dollars on logistics and security costs to transport physical gold. Tokenized gold enables near-instant settlement and extremely low-cost transfers, highlighting the efficiency advantages of on-chain assets in cross-border flows.