International News
94 tonnes of tokenized gold moved instantly for 0.0016% in fees
94 tonnes of tokenized gold ( XAUt ) was moved instantly for 0.0016% in fees over the last 6 months – while central banks spend millions of dollars to move their bullion
That comparison, recently highlighted by Tether CEO Paolo Ardoino in February 2026, perfectly captures the “analog vs. digital” divide in modern finance.
Moving 94 tonnes of physical gold is a logistical nightmare involving armored convoys, specialized aircraft, and massive insurance premiums. Doing the same with Tether Gold (XAUt) is essentially just updating a ledger on a blockchain.
While the efficiency is undeniable, it is worth noting that central banks aren’t switching to XAUt just yet for one primary reason: Sovereignty. Central banks move gold to ensure they have physical possession within their own borders during geopolitical crises. For them, the “millions spent” is an insurance policy against systemic collapse. However, for every other use case—trading, hedging, and payments—the 0.0016% fee makes a very compelling argument for tokenization.
The efficiency gap between tokenized assets and legacy bullion logistics is most evident when comparing the movement of 94 tonnes of gold. Over the last six months, Tether Gold (XAUt) facilitated this massive transfer of value with a total fee of just 0.0016%, a figure that stands in stark contrast to the millions of dollars central banks must spend on armored transport, international security, and insurance for physical repatriation.
While physical gold movement is a sluggish process—often taking weeks or months to navigate the complexities of global logistics—tokenized gold operates with near-instant finality on the blockchain. Furthermore, the digital format allows for extreme utility; XAUt is divisible down to 0.000001 troy oz, whereas central banks are restricted to handling physical bars and coins, which are difficult to move, store, and fractionally trade.
International News
India-UAE Jewellery Dialogue Draws 200+ Stakeholders, Reinforces Trade Confidence
GJEPC and UAE Leadership Reaffirm Commitment To Market Resilience and “Business Beyond Borders.”
- The India-UAE Gems & Jewellery Dialogue -Boosting Confidence, held on 2 April 2026 at Taj Business Bay, Dubai, saw strong industry participation, underscoring continued optimism in bilateral trade. The event was organised under the patronage of the Embassy of India in the UAE, the Consulate General of India in Dubai, and the GJEPC.
The high-level gathering brought together over 200 stakeholders across the jewellery value chain, including manufacturers, retailers, wholesalers, and policymakers from both countries. Among the dignitaries present were H.E Mohammed Ali Rashed Lootah, President & CEO Dubai Chamber, H.E. Ahmed Al Khaja, CEO Dept of Economy & Tourism, H.E. Jumal Al Kait, Asst Undersecretary Ministry of Foreign Trade, Tawhid Abdullah, Chairman Dubai Jewellery Group. Speakers highlighted the resilience of the UAE’s jewellery ecosystem and pointed to expanding opportunities for integration with Indian manufacturers.
Delivering the keynote, H.E. Dr Deepak Mittal, the Ambassador of India to the UAE, reaffirmed the Government of India’s continued support for the sector and emphasised the UAE’s strategic importance as a partner under the India-UAE Comprehensive Economic Partnership Agreement (CEPA).
Hon’ble Consul General Satish Kumar Sivan stressed the need for unity and confidence within the trade amid shifting global dynamics. In his welcome address, Mr Sabyasachi Ray, Executive Director, GJEPC, outlined GJEPC’s focus on strengthening exports and deepening engagement across the GCC through collaborative initiatives.
Key discussions reaffirmed the strength of India-UAE trade ties in gems and jewellery, sustained confidence in the UAE market despite global uncertainties, and the need for closer coordination between government, trade bodies, and industry. Participants also recognised the India Jewellery Exposition Centre (IJEX) as a critical platform enabling market access in the region.
The dialogue concluded with a shared commitment to deepen cooperation, strengthen trust, and drive growth in bilateral jewellery trade, with GJEPC reiterating its focus on facilitating “Business Beyond Borders.”
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