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Tether gold tokens backed by over 7.7 tons of gold valued at $770M

Tether gold tokens backed by over 7.7 tons of gold valued at $770M

GrafaGrafa2025/04/29 02:21
By:Mahathir Bayena

Tether Holdings has published its first-quarter 2025 attestation report confirming that more than 7.7 tons of physical gold fully back the Tether Gold (CRYPTO:XAUT) tokens in circulation.  

The independent verification was conducted by BDO Italia S.p.A., which confirmed that 246,524.33 fine troy ounces of gold were held in custody as of March 31, 2025.  

Each XAUT token remains backed one-to-one by an equivalent ounce of gold stored in vaults located in Switzerland, according to the report.  

At the end of the first quarter, the cumulative market value of Tether Gold was approximately $770 million, with each token priced at $3,123.57.  

The attestation also noted that 180,777.07 XAUT tokens have been sold, while 65,747.26 tokens remain available for sale.  

TG Commodities S.A. de C.V., the issuer of XAUT, is now regulated under El Salvador’s Digital Asset Issuance Law after relocating from the British Virgin Islands in January.  

The company is also registered as a Money Services Business with the U.S. Department of the Treasury’s Financial Crimes Enforcement Network.  

The report highlighted that Tether’s gold reserves consist of London Bullion Market Association (LBMA) certified bars, which undergo periodic quality testing by independent third parties.  

Management policies state that the gold is valued at fair market price under a going-concern assumption.  

Tether referenced macroeconomic trends affecting gold’s role as a store of value, citing increased central bank gold purchases and rising inflationary pressures.  

According to the World Gold Council, central banks added over 1,044 metric tons of gold to their reserves in 2024.  

The attestation emphasised that Tether Gold (XAUT) offers a digital asset backed by verifiable physical gold, distinguishing it from tokenised products relying on paper gold or facing regulatory uncertainties.  

At the time of reporting, the Tether Gold price was $3,341.81.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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