PANews reported on April 28 that according to Tether's official website, as of today, the circulation of Tether Gold (XAU₮) corresponds to 246,523.33 ounces of gold (over 7.7 tons), with a market value of US$770 million. XAU₮ is currently regulated by El Salvador, and each token is backed by 1:1 physical gold and stored in a high-standard vault in Switzerland.