TechFlow reports that on February 20, Paolo Ardoino, CEO of Tether, posted on X stating that over the past six months, tokenized gold XAUT—equivalent to 94 tons of physical gold—has been transferred on-chain, with total transaction fees amounting to just 0.0016%. By contrast, transporting physical gold across borders via traditional systems often incurs logistics and security costs running into millions of dollars for central banks. Tokenized gold enables near-instant settlement and ultra-low-cost transfers, highlighting the efficiency advantages of on-chain assets in cross-border movement.
Note: XAUT is a tokenized asset issued by Tether, backed one-to-one by physical gold, enabling users to transfer gold ownership on the blockchain.
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