Tether Gold (XAUt) increased its gold reserves by 9.5% in the second quarter, according to a Techub News item citing Cointelegraph. Tether CEO Paolo Ardoino said investors were adding tokenized gold during a weak stretch in the market, with the report tying that demand to a 14.1% drop in gold prices. The update also noted that XAUt’s reserves had already climbed 36% in the first quarter to 707,747 ounces. Tether Gold is now valued at $2.4 billion, making it the largest tokenized commodity by market size in the report. The piece added that XAUt received Islamic finance compliance certification in July. Across the broader tokenized commodities segment, total market value stands at $4.58 billion, while the number of holders has reached 253,000. The figures point to continued growth in tokenized commodity products, with Tether Gold holding the leading position within that category based on the numbers cited in the report.
Tether Gold (XAUt) expanded its gold reserves by 9.5% in the second quarter, according to a Techub News brief citing Cointelegraph. Tether CEO Paolo Ardoino said investors were buying tokenized gold during a period of market weakness tied to a 14.1% decline in gold prices.
In the first quarter, XAUt reserves had already risen 36% to 707,747 ounces. Tether Gold is currently valued at $2.4 billion, the report said, keeping it in the leading position among tokenized commodities. It also received Islamic finance compliance certification in July.
Cointelegraph said the total value of the tokenized commodities market stands at $4.58 billion, with 253,000 holders.
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