Tether Secures Shariah Certification for Gold-Backed XAU₮ Token

crypto 3 posts · 3 accounts

Tether's gold-backed digital asset XAU₮ received Shariah certification, complying with key principles of Islamic finance. Each token represents ownership of physical bullion stored in Swiss vaults.

The certification enables the asset to be traded or held by Islamic banks and financial institutions. It opens broader market access for investors across the Middle East, Asia and Africa, highlighting further integration between tokenized real-world assets and traditional finance.

From the sources (3 posts)

@tether

XAU₮, Tether’s Gold-Backed Digital Asset, Receives Shariah Certification, Unlocking New Pathways for Islamic Banks, Institutions, and Individuals Worldwide Read more:

@unlockbc

Gold has been a trusted store of value for centuries. Now it's gaining a new role on the blockchain 👇 Tether's gold-backed digital asset, XAU₮, has received Sharia certification, marking a significant milestone at the intersection of block

@tethergold

Tradition, tokenized. Tether Gold (XAU₮) is now Shariah-certified. Real gold. On-chain. Read more:

Tesla Wins UK High Court Ruling to Revive 5G Patent Licensing Lawsuit Against InterDigital and Avanci Ukraine Identifies North Korean Missile in Russian Strike That Kills At Least 6