Tether’s tokenized gold product, XAUT, has formally confirmed its reserves, revealing backing of over 246,500 ounces of gold — greater than 7.7 tons.
Priced at round $3,123.57 per token, XAUT’s whole market cap now stands at $770 million, with costs reaching a document excessive of $3,423 earlier this month.
The corporate’s newest attestation marks a significant step in its effort to boost transparency and enchantment to each institutional and retail traders. Tether describes XAUT because the main asset within the tokenized gold sector, citing its market share, compliance, and safety requirements.
Rising financial uncertainty has fueled rising demand for gold, and XAUT has ridden that wave. Tether famous that throughout the first quarter of 2025, fears over geopolitical tensions and international commerce dangers drove traders towards safer property, boosting XAUT’s development.
In the meantime, conventional gold markets have outperformed expectations. Analysts from The Kobeissi Letter identified that gold costs have outpaced the S&P 500 by over 32% this yr — the largest hole since 1975 — with gold gaining 26.5% whereas shares slipped by 6.1%. Central banks have additionally intensified their gold accumulation, elevating international gold reserves to the best degree in 26 years, with China notably doubling its holdings.
Wanting forward, Tether CEO Paolo Ardoino outlined plans to increase XAUT’s availability, particularly in rising markets. Ardoino emphasised that the token goals to supply digital entry to bodily gold’s safety — combining the reliability of conventional property with blockchain’s velocity and accessibility, very like USDT’s function within the stablecoin sector.
