Tether: Mints $497M XAUT to Treasury

Tether minted 119.67K XAUT tokens valued at $497.42 million straight into its treasury wallet on Ethereum rather than issuing more USDT.

The move reflects shifting institutional demand for gold exposure amid volatile macro conditions over the past year.

XAUT trades at $4153.83 on the 4h chart inside a bearish structure with price below the EMA50 at $4252.48 and EMA200 at $4347.64. RSI at 26.81 flashes oversold while the MACD death cross at -40.52 confirms trend weakness. Price remains inside the Bollinger bands between upper resistance at $4349.66 and lower support at $4078.86, pointing to a likely test of the 50-EMA before any sustained recovery.