Tether CEO: In the past six months, XAUT worth 94 tons of gold was transferred on-chain with only a 0.0016% fee
ChainCatcher reported that Tether CEO Paolo Ardoino posted on X, stating that in the past six months, tokenized gold XAUT equivalent to 94 tons of gold has been transferred on-chain, with total transaction fees amounting to only 0.0016%. In contrast, under the traditional system, central banks of various countries often spend millions of dollars on logistics and security costs to transport physical gold, while tokenized gold enables near-instant settlement and extremely low-cost transfers, highlighting the advantages of on-chain assets in terms of cross-border liquidity efficiency.
Note: XAUT is a tokenized asset issued by Tether and pegged to physical gold, allowing users to transfer gold ownership on the blockchain.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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