Stablecoin Leader Tether Secures Over 7.7 Tons of Gold for Tether Gold

Tether, a major player in the cryptocurrency world, has accumulated more than 7.7 tons of physical gold to back its tokenized asset, Tether Gold. This milestone was highlighted in an attestation report issued by the company, marking the first official report for its digital asset, Tether Gold (XAUT). According to the report, Tether holds pure gold reserves as backing for every XAUT token currently in circulation.

Gold Reserves Backing XAUT Tokens

The attestation revealed that Tether holds an impressive 246,523.33 ounces of gold, equivalent to over 7.7 tons. The company emphasized that each XAUT token is backed 1:1 by one troy ounce of physical gold securely stored in a dedicated vault within high-standard facilities located in Switzerland. This ensures the stability and security of the tokenized asset, offering investors a reliable alternative that blends traditional gold investment with blockchain technology.

Growing Demand for Tokenized Gold

Tether’s Chief Executive Officer, Paolo Ardoino, expressed optimism about the increasing traction of the Tether Gold product. He noted significant growth during the first quarter of 2025, especially in emerging markets. Ardoino also anticipates further adoption through new exchange listings for XAUT, as gold continues to demonstrate resilience as a store of value.

“With XAU₮, we’re offering users the ability to access the security of physical gold in a digital form—secure, easily transferable, and backed 1:1 by fully held gold reserves. It’s part of our broader commitment to building financial tools that combine the best of traditional assets with the efficiency of blockchain technology.”

Tether’s Broader Strategy: Gold and Bitcoin

While Tether Gold sees growing demand, the company remains steadfast in its belief that Bitcoin represents the most forward-looking asset for the digital era. Tether positions itself as one of the largest investors in Bitcoin education resources and continues to acquire Bitcoin aggressively. As of the end of Q1 2025, the company held over $8.2 billion in Bitcoin, underscoring its commitment to the cryptocurrency ecosystem.

Tether Gold Market Performance

As of April 28, 2025, the market capitalization of XAUT exceeded $770 million, with the token’s price hovering around $3,300—closely mirroring gold’s market performance. The token reached an all-time high of $3,423 on April 21, 2025, reflecting its growing appeal among investors seeking stability and diversification in their portfolios.

Key Takeaways for Investors:

  • Tether Gold (XAUT) is backed 1:1 by physical gold stored in secure Swiss vaults.
  • The tokenized gold asset has gained significant traction, particularly in emerging markets.
  • Tether continues to invest in Bitcoin while supporting the adoption of gold-backed digital assets.
  • XAUT’s price performance aligns closely with physical gold, offering a reliable store of value.

Tether’s innovative approach to combining traditional assets like gold with blockchain technology provides investors with unique opportunities to diversify their portfolios. As demand for tokenized assets grows, products like Tether Gold are positioned to play a significant role in the evolving financial landscape.

Post Views: 3