On April 28, according to official sources, Tether announced that its gold tokenization product Tether Gold (XAUT) is now compliant in El Salvador and released its first official audit report in line with the new regulatory framework.
The report states that each XAUT token is backed by 1:1 physical gold, which is securely stored in a dedicated vault within a world-class facility in Switzerland, with the circulating XAUT tokens supported by over 7.7 tons of physical gold.
