14 hours ago
Tether’s tokenized golden product, XAUT, has released its archetypal authoritative attestation, showing that its full backing amounts to 246,523.33 ounces, equivalent to much than 7.7 tons of gold.
According to an April 28 statement, XAUT is priced astatine $3,123.57 per token and has a full marketplace capitalization of $770 million. The token reached an all-time precocious of $3,423 connected April 21, representing a 9.6% summation since the adjacent of the archetypal quarter.
Tether described XAUT arsenic the starring merchandise successful the tokenized golden assemblage based connected marketplace size, information standards, and regulatory compliance. The steadfast stated that the attestation is simply a important measurement successful reinforcing the project’s transparency and semipermanent entreaty to organization and retail investors.
Rising golden request bolsters Tether XAUT
According to Tether, increasing planetary instability has strengthened request for gold, which inadvertently boosted involvement successful XAUT.
During the archetypal 4th of 2025, the stablecoin issuer noted that planetary economical uncertainty, escalating geopolitical risks, and fears of caller commercialized barriers led investors to question safer assets. This clime helped thrust XAUT’s rising marketplace headdress to caller highs.
Moreover, golden itself delivered a standout show during the reporting period.
Analysts astatine The Kobeissi Letter noted that golden prices person outpaced the S&P 500 by 32.6% year-to-date, marking the astir important divergence since 1975.
The analysts besides noted that golden prices person rallied 26.5% this year, portion the S&P 500 has declined by 6.1%. This inclination positions golden for its 2nd consecutive twelvemonth of outperforming the banal market.
Central Banks’ Gold Accumulation (Source: X/The Kobeissi Letter)Further supporting gold’s momentum, cardinal banks worldwide are boosting their golden holdings. The precious metallic accounts for astir 18% of planetary global reserves, the highest level successful 26 years. China has been a starring contributor, doubling its golden reserve stock to 7.1% since aboriginal 2023.
Tether targets emerging markets
Tether CEO Paolo Ardoino revealed that the institution plans to grow XAUT’s reach, particularly crossed emerging markets.
According to him:
“With XAUT, we’re offering users the quality to entree the information of carnal golden successful a integer form—secure, easy transferrable, and backed 1:1 by afloat held golden reserves. It’s portion of our broader committedness to gathering fiscal tools that harvester the champion of accepted assets with the ratio of blockchain technology.”
This suggests the institution intends for XAUT to service a akin relation to USDT successful emerging markets.
The stablecoin acts arsenic a integer dollar for implicit 450 cardinal users globally and holds a marketplace capitalization exceeding $147 billion, according to CryptoSlate’s data.
The station Tether’s tokenized golden hits grounds 7.7 ton backing amid planetary request for safe-haven assets appeared archetypal connected CryptoSlate.
English (US) 