Tether CEO Paolo Ardoino announced that 94 tons of tokenized gold (XAUT) have been transferred on-chain over the past six months, incurring a transaction fee of just 0.0016%. XAUT, a tokenized asset issued by Tether, is pegged to physical gold, enabling blockchain-based ownership transfers. This development underscores the efficiency of on-chain assets, offering near-instant settlement and significantly lower costs compared to traditional systems, where central banks face substantial logistics and security expenses for physical gold transfers.
Tether Transfers 94 Tons of Tokenized Gold On-Chain with Minimal Fees
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