Tether Gold Hits $2,100,000,000 Milestone Amid Soaring Precious Metal Prices
Tether’s digital asset backed by physical gold reserves just surpassed $2 billion in market value, solidifying its position as the top tokenized gold asset.
By the end of Q3, the company says Tether Gold’s (XAUT) market cap hit $1.44 billion, and then surged to nearly $2.1 billion in the following week.
Managed by TG Commodities S.A. de C.V. in El Salvador, XAUT holds 375,572.297 fine troy ounces of physical gold reserves as of September 30th.
This backs 375,572.247 tokens in circulation on a 1:1 basis with reserves of over 11.6 tons stored in Switzerland under London Good Delivery standards.
Says Tether CEO Paolo Ardoino,
“Tether Gold proves that real-world assets can thrive on-chain without compromise. With gold prices at all-time highs and institutional interest in tokenized assets growing, XAUT represents the future of asset ownership, where physical security meets digital freedom.”
Gold’s 2025 rally, driven by persistent inflation and geopolitical tensions, brought the price of the precious metal to $4,379 per troy ounce on October 17th
At time of publishing, the price has pulled back to $3,952, marking a 3.10% increase over the last month and a substantial 42.42% rise year-to-date.
Generated Image: Midjourney
