Tether’s XAUt gold token receives Shariah certification to expand Islamic finance access
CoinTelegraph·
60-second summary
Tether's XAUt gold token receives Shariah certification, potentially expanding access to Islamic financial institutions and investors seeking Shariah-compliant exposure to physical gold. This move could increase demand for XAUt, valued at $1.4 billion, and further establish Tether's presence in the Islamic finance market, a growing sector with an estimated $3.5 trillion in assets under management.
The certification could expand access to Tether’s gold-backed token among Islamic financial institutions and investors seeking Shariah-compliant exposure to physical gold.