Tether's XAUT Earns Shariah Compliance

Tether's gold-backed token XAUT has been certified as Shariah compliant by Amanah Advisors, marking a significant step towards integrating digital assets into Islamic finance markets.

The certification recognizes that XAUT is backed by physical gold ownership and avoids structures prohibited under Islamic finance, including riba, leverage, and speculative derivatives.

Tether CEO Paolo Ardoino stated, 'Gold has always represented stability and trust across cultures and generations.' He added that the certification expands access to digital gold in a way that respects Islamic finance principles while leveraging blockchain technology's transparency and efficiency.