Tether Gold reserves top $3.3B in Q1 as gold demand rises

Tether Gold's (XAUT) gold reserves surpassed 154 tons, valued at approximately $3.3 billion, in the first quarter, marking a 36% increase from the previous quarter, Cointelegraph reported. This growth comes as investor demand for gold rises amid macroeconomic uncertainty stemming from the war in Iran. At the end of the quarter, 707,741 XAUT tokens were in circulation, with each token backed by one troy ounce of physical gold in the company's reserves.