Tether XAUT Receives Compliance Certification
Tether announced that its gold token XAUT has received Shariah compliance certification, issued by Amanah Advisors. According to Foresight News, the certification confirms that XAUT complies with core principles of Islamic finance, including genuine ownership of physical gold, no interest (riba) mechanisms, no leverage or speculative derivatives, and transparent reserve structures. Each XAUT token represents direct ownership of one troy ounce of physical gold stored in a Swiss vault.