Tether's Strategic Gold Acquisition to Strengthen XAUT Stablecoin

Tether is purchasing up to $1 billion in gold monthly to reinforce its reserves and support its XAUT stablecoin. According to NS3.AI, the gold is stored in highly secure vaults, often referred to as 'James Bond' bunkers. This initiative reflects Tether's strategic approach to enhance the backing and attractiveness of its gold-backed stablecoin.