Tether has minted $494,574,412 worth of XAUt tokens in its latest issuance, marking a significant expansion of its gold-backed asset offerings. The transaction represents one of the largest single mints for the tokenized gold product, which is pegged to the price of physical gold. This minting activity highlights growing institutional and retail interest in tokenized precious metals as an alternative to traditional stablecoins. Unlike USDT, XAUt provides exposure to gold prices on the blockchain, allowing users to hold and transfer gold-backed value without the volatility associated with fiat-pegged assets.