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Tether's XAUt Gold Token Receives Shariah Certification To Expand Islamic Finance Access
Tether's XAUt Gold Token Receives Shariah Certification To Expand Islamic Finance Access
Authored by Nate Kostar via CoinTelegraph.com,
Tether’s gold-backed token XAUt has received Shariah certification from Amanah Advisors, a move that could expand access to the token among Islamic financial institutions and investors seeking Shariah-compliant exposure to physical gold.
The certification found XAUt’s structure complies with key Islamic finance principles, including full backing by physical gold, the absence of interest and leverage, and transparent reserves.
Each XAUt token represents one troy ounce of physical gold stored in Swiss vaults, according to Tether.
The designation gives...
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The Biggest Winners And Losers From The Petrodollar's Decline
The Biggest Winners And Losers From The Petrodollar's Decline
Authored by Nick Giambruno via InternationalMan.com,
The Iran war is straining US weapons stockpiles and raising doubts about Washington's ability to protect the Persian Gulf.
If that weakens the petrodollar and pushes oil producers away from the US financial system, two assets face clear headwinds: the US dollar and US Treasuries.
The petrodollar system helped create structural demand for both.
If oil exporters sell more energy outside the dollar system, fewer oil dollars need to flow back through Wall Street and into Treasury securities.
At the...
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