- Tether’s XAUT token has appreciated alongside the rising value of gold amid growing international financial uncertainty.
- Tether famous that XAUT hit a document excessive value of $3,423 final week, pushed by the rally in gold costs.
- Gold costs have surged to historic highs in 2025, fueled by a mix of things.
Tether, issuer of the world’s largest stablecoin, reported holding 7.7 tons, or 246,523 ounces, of gold backing its gold-pegged token XAUT on the finish of the primary quarter, in keeping with a press release launched Monday.
The corporate stated this marks the primary official attestation particular to XAUT, which launched in 2020.
Tether, which often points attestations for its USDT greenback stablecoin, stated XAUT had a market capitalization of $770 million on the finish of the quarter.
“Tether Gold maintains its position as the highest market-cap, most secure, and compliant tokenized gold product in the market,” the corporate stated.
XAUT’s efficiency in Q1
Tether’s XAUT token, although far much less widespread than USDT, has appreciated alongside the rising value of gold amid growing international financial uncertainty.
Volatility has surged in current weeks, largely on account of President Donald Trump’s tariff insurance policies.
Gold, historically seen as a steady retailer of worth, has gained about 8% over the previous 30 days. Bitcoin, in the meantime, has climbed over 14% in the identical interval.
Tether famous that XAUT hit a document excessive value of $3,423 final week, pushed by the rally in gold costs.
The corporate, in a press launch, acknowledged:
The expansion of Tether Gold throughout Q1 was pushed by escalating international financial uncertainty, heightened geopolitical tensions, and a rising demand for inflation-resistant shops of worth.
Every XAUT token is backed 1:1 by one troy ounce of bodily gold, saved in devoted vaults inside amenities in Switzerland, the corporate stated.
Gold’s efficiency over the previous two years
Gold has staged a significant rally over the previous two years, pushed largely by sustained central financial institution accumulation, significantly amongst BRICS nations aiming to cut back dependence on the US greenback.
In keeping with the World Gold Council’s Gold Demand Developments: Full Yr 2024 report, international gold reserves stood at 37,755 metric tons on the finish of 2024.
Central banks added a web 1,044.6 metric tons to their holdings over the 12 months, with 332.9 metric tons bought within the fourth quarter alone.
This constant accumulation underscores gold’s strategic function as a retailer of worth, particularly for rising and growing economies in search of to bolster monetary resilience.
Gold costs have surged to historic highs in 2025, fueled by a mix of central financial institution shopping for, lingering inflation fears, and mounting geopolitical tensions.
The dear steel briefly touched $3,500 per ounce final week, delivering a exceptional year-to-date acquire of 32%, earlier than retreating barely to mirror a 26% acquire as of at present.
