Tether's Gold Reserves Reach 148 Tonnes
- Market Leadership: Tether, with a market cap of $185 billion, stands as the world's largest stablecoin issuer, with USDT accounting for 59% of the market share, underscoring its dominant position and influence in the cryptocurrency sector.
- Gold Reserves Growth: According to Jefferies, Tether's gold reserves have reached approximately 148 tonnes valued at around $23 billion as of January 31, which not only provides robust backing for USDT and XAUT but also places it among the top gold holders globally.
- Strategic Partnership Expansion: Crypto lending platform Ledn recently announced support for Tether's XAUT and USDT, leveraging its estimated $23 billion in gold reserves for loans, enhancing users' financial flexibility and long-term holding advantages.
- Future Lending Plans: Tether plans to introduce borrowing against XAUT later this year, allowing users to borrow similarly to Bitcoin, further increasing the utility and market appeal of its digital assets.
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Technical Analysis for XAUt
Technical Sentiment Analysis for Tether Gold (XAUt). As of , Tether Gold (XAUt) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 1 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for XAUt stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, XAUt is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Tether Gold (XAUt) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 3717.077 | 3831.038 | 3963.267 | 4077.228 | 4209.457 | 4323.418 | 4455.647 |
| Fibonacci | 3831.038 | 3925.083 | 3983.184 | 4077.228 | 4171.273 | 4229.374 | 4323.418 |
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