Stablecoin Big Tether Expands Main Gold-Backed Token to BNB Chain – Decrypt

Tether stated Thursday that it has launched its gold-backed token XAUT on BNB Chain, increasing entry to the dominant tokenized gold product after the valuable steel soared to new worth heights in latest months.

The itemizing connects BNB Chain’s ecosystem to XAUT, which is the most important gold-backed token available on the market with an almost $2.5 billion market cap, as of this writing. That’s almost half the overall tokenized gold market, which at present sits at $5.3 billion, per knowledge from CoinGecko. Paxos’ PAX Gold isn’t far behind XAUT with a market cap round $2.3 billion.

Initially launched on Ethereum, every XAUT token represents one fantastic troy ounce of bodily gold held in Swiss vaults as London Good Supply bars, with 1:1 backing confirmed by unbiased attestations. Per Tether’s newest attestation report, the agency held over 520,000 troy ounces of gold as of the top of 2025.

Main crypto trade Binance—which launched the BNB token and BNB Chain community—has opened spot buying and selling for XAUT pairs together with USDT, Bitcoin, FDUSD, USDC, and TRY.

“Individuals perceive gold. They belief it as a result of it has held worth for millennia,” stated Tether CEO Paolo Ardoino, in a assertion. “With XAUT, we’re not altering what gold is; we’re making it usable in a contemporary monetary system. You continue to have direct publicity to bodily gold, however now it could transfer immediately, settle globally, and combine seamlessly with digital markets.

“Itemizing on BNB Chain expands that entry to tons of of tens of millions of customers,” he added, “bringing gold right into a system the place it could really be used, not simply held.”

The value of gold peaked above $5,500 in late January and was nonetheless above the $5,000 stage earlier this month, however has since ticked right down to a latest worth of $4,442, falling almost 15% within the final month. Customers on prediction market Myriad—which is operated by Decrypt‘s father or mother firm, Dastan—stay bullish on the asset, giving a 64% likelihood that it’ll subsequent rise to $4,900 somewhat than fall to $3,700.

Tether is the agency behind USDT, the main dollar-pegged stablecoin with an $184 billion market cap and up to date every day buying and selling quantity above $64 billion. Earlier this week, the corporate stated that it has secured a “Huge 4” accounting agency for the primary time to carry out a full unbiased audit on USDT reserves, however has but to determine the agency in query.