On April 28, according to official news, Tether announced that the gold tokenized product Tether Gold (XAUT) has now been compliant in El Salvador and released the first official XAUT audit report that complies with the new regulatory framework.
The report said that each XAUT token is backed by 1:1 physical gold, which is securely stored in an exclusive vault in a world-class facility in Switzerland, and the XAUT tokens in circulation are backed by more than 7.7 tons of physical gold.
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