2,000 XAUt Transferred from Tether to Abraxas Capital in Early-Morning Move

According to ChainCatcher News, citing data from Arkham, at 01:18, a total of 2,000 XAUt, valued at approximately $10.59 million, were transferred from Tether to Abraxas Capital Management (Heka Funds).
XAUt is Tether’s gold-backed digital asset, with each token representing one troy ounce of physical gold held in reserve. Large transfers of XAUt are typically associated with institutional positioning, treasury management, or long-term hedging strategies rather than short-term speculative trading.
The repeated involvement of Abraxas Capital Management in sizable XAUt transactions may signal continued institutional interest in tokenized gold as a store of value, particularly amid ongoing macroeconomic uncertainty and fluctuating expectations around interest rates and inflation.
This transaction further highlights the growing role of real-world asset (RWA) tokenization, where traditional safe-haven assets like gold are increasingly being accessed through blockchain-based instruments, offering greater flexibility, transparency, and settlement efficiency for institutional participants.#GateLiveMiningProgramPublicBeta