- Tether Gold (XAUT) now boasts over 7.7 tons of physical gold backing, reflecting growing demand for stable, digital assets amid economic uncertainty.
- With regulatory support from El Salvador and market capitalization reaching $853.7 million, XAUT is solidifying its position as the leading tokenized gold product.
In a bold move toward digital asset stability, Tether Gold (XAUT) has achieved a major milestone, now backed by more than 7.7 tons of physical gold. The development comes amid rising economic instability, positioning XAUT as a key player in the growing tokenized gold market.
According to Tether’s latest attestation report released April 28, a total of 246,524.33 XAUT tokens were in circulation as of March 31. Each token is pegged 1:1 to a troy ounce of physical gold, securely stored in Swiss vaults. This equates to over $770 million in market value, based on a gold price of $3,123.5 per ounce.
Also read: Solana Dominates DeFi: 1inch Launch Powers Seamless Crosschain Swaps
Tether’s CEO, Paolo Ardoino, emphasized the significance of XAUT, stating, “We’re offering users the ability to access the security of physical gold in a digital form—secure, easily transferrable, and backed 1:1 by fully held gold reserves.”
So far, 180,777.07 of the tokens have been sold, backed by gold worth approximately $564.67 million. The remaining 65,747.26 tokens—backed by $205.37 million in gold—are available for purchase.
What sets XAUT apart is its regulatory compliance in El Salvador and reliance on London Bullion Market Association (LBMA)-certified gold. These factors strengthen Tether’s image as a transparent and secure issuer, enhancing user confidence amid broader crypto market volatility.
Tether attributes the rising interest in XAUT to escalating geopolitical tensions, persistent inflation fears, and a declining US Dollar Index, which recently hit a three-year low. Gold, long hailed as a hedge against uncertainty, surged to a new all-time high, further bolstering demand for its tokenized counterpart.
XAUT’s growing prominence is also reflected in its $853.7 million market cap, making it the leading tokenized gold product, according to CoinGecko data.
As investors increasingly seek refuge in hard assets, Tether Gold stands out as a reliable fusion of blockchain efficiency and traditional wealth preservation—cementing its role in the evolving digital asset landscape.
Would you like SEO-optimized keywords added to this article for publishing?
