Tether Gold (XAU₮) saw its holdings rise by 9.5% in Q2, despite gold prices falling 14.1% during the quarter.
This increase reflects growing demand for tokenized gold, as holders continued to buy XAU₮ even when gold prices were declining.
The total physical gold reserves backing XAU₮ remained unchanged at 707,747.139 fine troy ounces, with full 1:1 backing maintained throughout the quarter.
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