BlockBeats News, February 20 — Tether CEO Paolo Ardoino stated that over the past six months, a total of 94 tons of tokenized gold XAUT has been transferred on-chain, with a total fee of only 0.0016%. In comparison, under traditional systems, central banks in various countries often spend millions of dollars on logistics and security costs to transport physical gold. Tokenized gold enables near-instant settlement and extremely low-cost transfers, giving on-chain assets a clear advantage in liquidity efficiency.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Bitwise: Circle's Valuation Could Reach $75 Billion by 2030, Analysts Support Stock Price
Despite Circle's stock price falling approximately 20% recently, institutions remain optimistic about its prospects, with valuations projected to reach $75 billion by 2030. Analysts believe the expansion of the stablecoin market and Circle's market share will continue to drive growth, and its influence may be constrained by competitors' compliance processes.
BlockBeatNews1h ago
Tether Pauses $20 Billion Financing Plan, Awaits First Comprehensive Financial Audit Results
Gate News reported on March 25 that, according to Bloomberg, stablecoin issuer Tether Holdings SA has suspended its previously planned $20 billion fundraising round and is currently awaiting the results of its first comprehensive financial audit, with plans to potentially restart fundraising after the audit results are released. According to informed sources, throughout the fundraising process, potential investors and bankers have been urging Tether to improve financial transparency. However, one informed source indicated that some potential investors remain prepared to support the company before the audit results are announced.
GateNews4h ago
Tether Engages Big Four Firm for First Full Audit
Tether engages a Big Four firm for its first full audit, reviewing its $184 billion USDT reserves, aiming to enhance transparency and financial reporting amid internal leadership changes. The audit covers digital and traditional assets, indicating a commitment to stringent scrutiny.
CryptoFrontNews5h ago
Tether and Circle Freeze $2.49 Million in Stablecoins at Iranian Exchange Wallex, Assets Urgently Transferred to BSC
Tether and Circle have blacklisted the Ethereum hot wallet of Iranian exchange Wallex, freezing approximately $117,000 in USDT and USDC. Wallex transferred $2.49 million in assets to another BSC address hours before the freeze, suggesting coordinated compliance enforcement by stablecoin issuers. This incident reflects increasingly strict regulatory scrutiny of cryptocurrency platforms associated with Iran.
GateNews8h ago
Tether Signs Deal with Big Four Accounting Firms, USDT Reserves Face Biggest Audit in History
Tether announces an agreement with the Big Four accounting firms to conduct a comprehensive audit of its USDT reserves, marking the largest-scale inaugural audit in financial market history and signifying significant progress in reserve transparency. This initiative will boost market confidence and promote stablecoin compliance and mainstream adoption.
GateNews8h ago
