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Tether's Gold Token Wins Shariah Approval for Global Islamic Finance

Guavy AI Editorial Team
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Tether's gold-backed token, XAU₮, has secured Shariah certification from Amanah Advisors. This milestone opens up Islamic finance to digital gold worldwide. The token is backed by 100% physical gold held in Swiss vaults.

XAU₮ is the first gold-backed token to receive this certification, making it accessible to Islamic banks and institutions. This development marks a significant step towards the integration of blockchain technology with traditional finance.

Tether has confirmed that Amanah Advisors will continue working with them to develop governance standards and practical guidelines for broader adoption, including secondary market transactions.

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