Tether CEO: In the past six months, XAUT worth 94 tons of gold has achieved on-chain transfers with only a 0.0016% fee

Tether CEO Paolo Ardoino posted on the X platform that in the past 6 months, a total of 94 tons of tokenized gold XAUT has been transferred on-chain, with a total fee of only 0.0016%.

In contrast, transporting physical gold by central banks in traditional systems often incurs logistics and security costs amounting to millions of dollars, while tokenized gold allows for near-instant settlement and extremely low-cost transfers, highlighting the advantages of on-chain assets in terms of cross-border flow efficiency.

It is reported that XAUT is a tokenized asset issued by Tether that is pegged to physical gold, allowing users to transfer ownership of gold on the blockchain.