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...