Tether’s Stable Coin from Tether, Tether Gold (XAUT) reached a market capitalization of $ 770 million in April 28, according to the company’s first certificate under El Salvador’s financial regulation.
“While central banks stack hundreds of tons of gold, Xaut should become the standard gold tokenized gold product for people and institutions,” published Paolo Ardodino, CEO of Tether, on X.
The token is supported 1: 1 per 246,523.33 ounces – more than 7.7 tonnes – physical gold stored in a dedicated Swiss vault, said Tether.
Each XAUT token represents an OCE Troy d’or certified LBMA. Tether said it applies strict controls, including verification of the gold bar and periodic audits, to maintain confidence in the support of the token.
The certificate comes at a time when global investors are turning more and more in gold such as coverage against economic instability and the increase in geopolitical risks.
According to the World Gold Council, central banks, in particular the nations of the BRICS, bought gold at record levels, accumulating more than 1,044 metric tonnes in 2024.
The yellow metal has affected many record summits in 2025 in the middle of an in progress gathering which saw its price earn about 27% up to date. It is currently negotiating $ 3,343 per ounce, having more than doubled since November 2022.
Tether stressed that, unlike other token gold products, XAUT is physically supported and regulated, positioning it as a safer option for users suspicious of exposure to “paper gold”.
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