Tether Gold's (XAUT) market value has surpassed $800 million, supported by over 7.7 tons of gold according to a recent audit by BDO Italia. As of March 31, the cryptocurrency had a market capitalization of around $770 million, with gold backing that aligns with rising prices, having increased by 9.6% from the last quarter. Tether reported the current price of XAUT reached approximately $3,344, reflecting a strong trend towards gold as a safe-haven investment amidst inflationary concerns. The report highlighted that while central banks are stockpiling gold, Tether is positioning XAUT as the go-to tokenized gold product for retail and institutional investors. Despite growth, questions linger over Tether's financial reporting practices, especially with calls for independent audits, as their financial standards do not meet international reporting requirements. Investors continue to gravitate towards gold and stablecoins such as XAUT amid economic volatility, underscoring the ongoing interest in gold-backed digital assets.

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