Tether has minted approximately $946 million worth of its tokenized gold product, XAUt (Tether Gold), on the Ethereum blockchain. This occurred around late January to early February 2026. On-chain data from Etherscan showed Tether minting roughly 192,000 to 192,657 XAUt tokens in this batch. Each XAUt token is backed 1:1 by one troy ounce of
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