$770 Million in Tether’s XAUT Tokens Secured by 7.7 Tons of Gold Held in Switzerland, Firm Reports

Tether’s Gold-Backed Stablecoin Secured by Swiss Vault Holdings Worth $770M

Tether has disclosed that its XAUT token—representing digital claims on physical gold—is now backed by 246,523.33 troy ounces, or 7.7 tons, of gold stored in a secured Swiss vault, according to a recent attestation report. The total value of the gold backing stands at approximately $770 million as of April 28, 2025.

This is the first such attestation conducted under El Salvador’s digital asset regulatory regime, where Tether’s affiliate is now registered. Each XAUT token is pegged 1:1 with a troy ounce of gold, offering investors on-chain access to physical bullion.

“XAUT stands to become the leading tokenized gold product for retail and institutional users alike,” said Tether CEO Paolo Ardoino, citing increasing demand for sound assets amid global financial uncertainty.

Gold has surged over 27% year-to-date, bolstered by persistent geopolitical risks and inflationary concerns. Central banks, particularly within BRICS nations, added over 1,000 metric tons to their reserves in 2024, underlining a broader shift toward hard assets.

Unlike many synthetic gold products, Tether says XAUT is backed by actual physical bars held in secure, insured vaults, and undergoes routine audits to verify holdings and transparency.

The surge in demand for tokenized commodities highlights growing interest in blockchain-based representations of traditional safe havens, especially as volatility persists across global financial markets.