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.

XAUT1,81%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)