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Tether’s tokenized gold product, XAUT, has released its first official attestation, revealing a total backing of 246,523.33 ounces of gold. Priced at $3,123.57 per token, XAUT has a market capitalization of $770 million and reached an all-time high of $3,423 on April 21. Tether aims to expand XAUT’s reach, targeting emerging markets.
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