Tether CEO: Nearly 94 tons of gold worth of XAUT have been transferred on-chain in the past six months, with a transaction fee of only 0.0016%.

PANews reported on February 20th that Tether CEO Paolo Ardoino stated on the X platform that in the past six months, a total of 94 tons of tokenized gold (XAUT) worth of physical gold has been transferred on-chain (Note: XAUT is a tokenized asset issued by Tether and pegged to physical gold, allowing users to transfer gold ownership on the blockchain), with a total transaction fee of only 0.0016%. In contrast, under the traditional system, central banks often incur millions of dollars in logistics and security costs to transport physical gold, while tokenized gold can achieve near-instant settlement and extremely low-cost transfers, highlighting the advantages of on-chain assets in terms of cross-border flow efficiency.