Tether’s gold-backed token XAUt just earned Shariah certification from Amanah Advisors, paving the way for Islamic finance investors to access physical gold via crypto. Fully backed by real gold, interest-free, and transparently reserved, XAUt targets major markets like the Gulf, South Asia, and Africa where Islamic finance dominates. This move signals growing efforts to align crypto with traditional financial principles, following similar initiatives like Bahrain’s Bitcoin exploration and Dubai’s rise as a regulated crypto hub in the Middle East.
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