Skip to content
Guavy Logo GUAVY
Sign up
Back to Guavy Wire
Crypto

Tether's Gold-Backed Token Wins Shariah Certification

Guavy AI Editorial Team
Instruments
ETH
Share

Tether's gold-backed token XAU₮ has achieved Shariah certification, opening up opportunities for Islamic finance market access. Each token represents one ounce of physical gold stored in Swiss vaults and is traded on Ethereum-based platforms.

Abu Dhabi Global Market has recognized XAU₮ as an Accepted Spot Commodity, allowing regulated firms to offer related services.

This certification and regulatory approval could attract new investors in the Gulf region.

More on Crypto

Crypto just now

MicroStrategy Reaches $3.75 Billion Cash Reserve Without Selling a Single Bitcoin

Crypto just now

Bank of America Warns: August Risks Loom for Stocks, What's Next for Bitcoin?

Crypto 1m ago

Seagate Earnings Preview: Shares Rise as Investors Anticipate Robust Results

Disclaimer: Guavy is a data and market intelligence provider, not an investment advisor. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

Guavy Logo GUAVY

Real-time market sentiment intelligence for apps, funds & agents

Location

729 55 Ave SW
Calgary AB T2V 0G4
Canada

Navigate

Markets

Resources

© 2026 Guavy Inc

Terms Privacy Policy