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- #Over 100 Companies Hold Over 830,000 BTC#
According to reports as of June 19, more than 100 companies collectively hold over 830,000 BTC, worth about $86.476 billion.
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#GateRedBullRacingTour# - 📢 Gate releases its latest Reserve Audit Report!
💰 Total reserves: $10.453B
🟢 Excess reserves: $1.96B — ensuring full coverage and extra security for user assets.
Gate continues to uphold 100% proof-of-reserves and full transparency.
🔗 Read the full report: https://www.gate.com/zh/announcements/article/45617
Tether Launches Omnichain Gold Stablecoin on TON - Unchained Crypto
Stablecoin giant Tether has partnered with the TON Foundation to debut an omnichain version of its gold-backed stablecoin, XAUt, on The Open Network (TON).
The new token, XAUt0, leverages LayerZero’s omnichain fungible token standard, enabling direct transfers of the gold-backed asset across multiple blockchains without the need for wrapping or intermediary chains.
Each XAUt0 token represents one troy ounce of gold, certified by the London Bullion Market Association and physically stored by Tether
This story is an excerpt from the Unchained Daily newsletter
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The launch is expected to enhance the appeal of the TON ecosystem, which recently suffered an outage due to a technical error in the processing of the masterchain dispatch queue.
It also comes amid a surge in gold prices, with spot gold trading near all-time highs and gold-backed digital assets seeing increased demand as inflation hedges.