Tether Gold reserves rise 9.5% as gold posts worst quarter in 13 years
CoinTelegraph·
60-second summary
Tether Gold reserves surge 9.5% as gold experiences its worst quarter in 13 years, with the price plummeting due to rising interest rates and economic uncertainty. This increase in XAUt backing comes as tokenized commodity holder counts continue to rise, potentially indicating growing investor interest in gold-backed assets amidst market volatility.
XAUt added to its bullion backing during gold’s worst quarter since 2013, as tokenized commodity holder counts continued to rise.