Overview
- Tether said on Monday that Amanah Advisors certified XAU₮ after reviewing its structure and confirming the token is backed by allocated physical gold and excludes interest, leverage, and speculative derivatives.
- Each full XAU₮ token represents one troy fine ounce of gold held as a London Good Delivery bar in Swiss vaults and Tether reported more than 707,000 troy ounces valued at over $3.3 billion in reserves as of March 31.
- The token’s locked value has risen sharply over the past year to roughly $2.86 billion, showing growing demand for blockchain‑based access to physical gold.
- XAU₮ already has Abu Dhabi Global Market recognition as an Accepted Spot Commodity but firms must obtain local permissions and meet custody and redemption rules before offering it to clients.
- Tether and Amanah Advisors plan multilingual education and governance guidelines for secondary‑market trades to support compliant scaling while Shariah certification remains distinct from legal or securities approvals in each jurisdiction.