Tether Gold's Blockchain-Based Gold Token Gains Shariah Certification

Tether Gold's XAU₮ token has received Shariah certification from Amanah Advisors, ensuring its compliance with Islamic finance principles. Each XAU₮ token represents ownership of one troy ounce of physical gold stored in Swiss vaults, eliminating interest and meeting Islamic banking requirements.

This certification comes alongside recognition as an Accepted Spot Commodity in Abu Dhabi, expanding the potential use of XAU₮ in halal savings, Islamic insurance, and trade finance. The token's locked value has tripled to $2.86 billion over the past year, reflecting growing demand for blockchain-based gold exposure.

Tether Gold's digital asset now offers a compliant and transparent alternative for Islamic institutions and investors seeking to invest in physical gold through blockchain technology.