Tether's $770M XAUT Backed by 7.7 Tons of Gold in Swiss Vault, Says Company

Tether’s gold-backed stablecoin, Tether Gold (XAUT), reached a $770 cardinal marketplace capitalization arsenic of April 28, according to the company's archetypal attestation nether El Salvador’s fiscal regulations.

"While cardinal banks are stacking up hundreds of tons of gold, XAUt is acceptable to go the modular tokenized golden merchandise for the radical and institutions," Tether CEO Paolo Ardoino posted connected X.

The token is backed 1:1 by 246,523.33 ounces — implicit 7.7 tons — of carnal golden stored successful a dedicated Swiss vault, said Tether.

Each XAUT token represents 1 troy ounce of LBMA-certified gold. Tether said it applies strict controls, including golden barroom verification and periodic audits, to support spot successful the token’s backing.

The attestation comes astatine a clip erstwhile planetary investors are progressively turning to golden arsenic a hedge against economical instability and rising geopolitical risks.

Central banks, peculiarly crossed BRICS nations, person been buying golden astatine grounds levels, accumulating implicit 1,044 metric tons successful 2024 alone, according to the World Gold Council.

The yellowish metallic has touched galore grounds highs successful 2025 amid an ongoing rally that's seen its terms summation astir 27% year-to-date. It's presently trading astatine $3,343 per ounce, having much than doubled since November 2022.

Tether emphasized that dissimilar different tokenized golden products, XAUT is physically backed and regulated, positioning it arsenic a safer enactment for users wary of "paper gold" exposure.

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