Tether Increases Gold Reserves by 9.5% in Q2 Amid Significant Decline in Gold Prices

Tether has enhanced its gold reserves supporting $XAUT by 9.5% in the second quarter, despite a notable downturn in gold prices. The price of gold experienced a 14.1% decline over the quarter, marking its most significant drop since 2013; however, holders of XAUt continued to make purchases. The number of holders of tokenized commodities rose to 253,000, even as the sector's overall value decreased. Additionally, XAUt has obtained Shariah certification, broadening its accessibility to users within the Islamic finance community.
Tether has enhanced its gold reserves supporting $XAUT by 9.5% in the second quarter, despite a notable downturn in gold prices. The price of gold experienced a 14.1% decline over the quarter, marking its most significant drop since 2013; however, holders of XAUt continued to make purchases. The number of holders of tokenized commodities rose to 253,000, even as the sector's overall value decreased. Additionally, XAUt has obtained Shariah certification, broadening its accessibility to users within the Islamic finance community.
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