Tether Releases Audit Report Results for Gold-Backed Altcoin XAUT
Tether has released its Q3 2025 validation report for its gold-backed token, Tether Gold (XAUT). The report states that each XAUT token is fully backed by physical bullion stored in Switzerland.
According to a report prepared by El Salvador-based TG Commodities SA de CV, Tether's reserves stood at 375,572 ounces of pure gold as of September 30. This amount, based on the end-of-quarter reference price, is valued at approximately $1.44 billion. The company has 522,089 XAUT tokens in circulation, while 139,751 are available for sale.
With the recent surge in gold prices, XAUT's market capitalization has reached $2.1 billion, more than doubling from its August level of less than $850 million.
Tether CEO Paolo Ardoino stated, “Tether Gold proves that real-world assets can thrive on-chain without any compromises.” Ardoino argued that record gold prices and the growing interest of institutional investors in tokenization projects present a major opportunity for XAUT.
Tether Gold and its competitor, PAX Gold, account for 90% of the total $3.7 billion tokenized gold market. XAUT has become one of the largest real-world asset (RWA) products on-chain. The tokenization trend is a growing topic among financial institutions and regulators, with U.S. Securities and Exchange Commission (SEC) Commissioner Hester Peirce stating that tokenization is currently a “major focus” for the agency.
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.
You may also like
XRP News Today: "Ripple Connects Conventional Finance and Cryptocurrency Through Prime Launch"
- Ripple launches U.S. spot prime brokerage (Ripple Prime), integrating Hidden Road's $1.25B acquisition to enable OTC trading in XRP and RLUSD for institutional clients. - Platform offers cross-margining, derivatives, and instant XRP Ledger settlements, bridging traditional finance with crypto while supporting $1B+ RLUSD market cap. - Expansion includes acquiring custodians and treasury firms, positioning XRP/RLUSD as core assets in institutional-grade crypto infrastructure amid $10T custody growth projec
Kite AI’s function-focused token sparks a $263 million transformation in the agent-driven economy
- Kite AI's KITE token generated $263M in trading volume on major exchanges, with a $159M market cap and $883M FDV after its launch. - The PoS EVM-compatible blockchain enables autonomous AI agents via the SPACE framework, supporting an agentic economy with 10B tokens for payments, staking, and governance. - Listings on HTX and Bitget, plus 48% community token allocation, highlight growing institutional and retail adoption, while Coinbase's INFINITY partnership boosted its stock 5%. - Analysts link KITE's
XRP News Today: ETF Countdown Begins as XRP Bulls Target a $3 Surge Breaking Out of Descending Triangle
- XRP stabilizes near $2.51 as buyers defend key support ahead of ETF launch, with bulls targeting $3 resistance. - Price action shows XRP in a descending triangle pattern, poised for potential $2.72+ breakout to $3.25. - ETF-driven optimism lifts XRP 1.5%, aligning with broader crypto gains as RSI improves from oversold levels. - Traders monitor $2.43 support and ETF timeline, with $3.00-$3.20 seen as critical next resistance cluster.
BlockDAG Sets Sights on 15,000 TPS While Founders Face Questions as $435M Presale Approaches End
- BlockDAG Network’s $435M presale nears completion, with 31 batches sold at $0.0015 per token, positioning it as a top 2025 Layer-1 blockchain launch. - Its hybrid PoW-DAG architecture claims 15,000 TPS—surpassing Ethereum and nearing Solana’s capacity—with dual audits from CertiK and Halborn. - Upcoming Keynote 4 event and rumored Coinbase/Kraken listings could boost visibility, though founder scrutiny and 60% user dissatisfaction on Trustpilot persist. - Analysts project $0.10–$0.25 price targets post-l
Trending news
MoreCrypto prices
More
