Tether has officially published its first attestation report for Tether Gold (XAUT) covering Q1 2025, verifying that every XAUT token in circulation is fully backed by audited physical gold reserves in Switzerland. As of April 28, 2025, more than 7.7 tons—or 246,523.33 troy ounces—of gold are backing XAUT tokens, providing users with secure, blockchain-based access to traditional hard assets.
Tether Gold continues to maintain its dominance as the world’s largest tokenized gold product by market capitalization. As per the latest figures, the market cap for XAUT has reached $770 million, with each token priced at approximately $3,123.57. Notably, XAUT hit an all-time high of $3,423 on April 21, showcasing a 9.6% price surge since the quarter’s close.
The physical reserves, sourced from LBMA-certified gold bars, are securely stored in a Swiss vault and governed by strict acquisition, verification, and auditing protocols. Tether’s gold custody process involves extensive third-party oversight, including periodic assays and rigorous storage security standards.
Tether attributes XAUT’s rapid growth to rising global demand for inflation-resistant and politically neutral assets. With geopolitical tensions intensifying and new global tariffs threatening financial stability, institutional and retail investors are increasingly seeking refuge in tangible stores of value like gold. According to the World Gold Council, central banks purchased over 1,000 metric tons of gold in 2024, a historic high fueled largely by BRICS nations diversifying away from U.S. dollar dependence.
Paolo Ardoino, CEO of Tether, commented that Tether Gold offers “the security of physical gold in a digital form” while delivering the transparency and portability required for modern finance. He emphasized that XAUT’s focus is not on daily price movements but on ensuring every token is 1:1 backed by real, held-in-vault gold reserves.
Tether also revealed strengthened compliance protocols for XAUT, highlighting its registration under new regulatory frameworks in El Salvador. The company is collaborating with a Big Four auditing firm on an independent audit of its reserves and working closely with lawmakers to help shape future stablecoin regulations.
As the global economy tilts toward inflation hedges and digital asset diversification, Tether Gold’s blend of blockchain technology and physical security could position it as a leading store of value alternative for years to come.
