Tether minted approximately $494.57 million worth of Tether Gold (XAUt) tokens on September 29, increasing the token's circulating supply by about 17%. This issuance is separate from new USDT (U.S. dollar token) creation, meaning it expands the gold-backed token supply without affecting the USDT supply. Tether Gold represents tokenized gold, providing investors a digital asset backed by physical gold. This move could enhance liquidity and options for investors interested in gold exposure via cryptocurrencies.
Tether Gold token minting is the story's subject, with Pluang market data providing context. As of Sep 29, 2026 19:03 WIB, 39 of 50 major cryptocurrencies rose and 10 fell on Pluang. Notable movers include LINK at Rp275.707 (+9.27%), EOS at Rp12.649 (+8.13%), and COMP at Rp451.751 (+6.68%).
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