Tether Adds to Tokenized Gold Stash, Crossing 11.6 Tons as Market Rally Accelerates

Crypto Newswire / The Block Style

Tether’s XAUT Market Cap Surpasses $2.1B as Gold Demand Rises
29/10/2025

Tether’s gold-backed token XAUT has hit new highs, crossing $2.1 billion in market capitalization as the company’s gold holdings expanded to more than 11.6 tons, Tether confirmed Monday.

Issued by TG Commodities under El Salvador’s regulatory framework, each XAUT token represents one troy ounce of gold held in Swiss vaults. The reserves now total about 375,000 ounces, up significantly from the prior quarter, as global demand for tokenized commodities continues to rise.

CEO Paolo Ardoino said in an interview that strong retail demand from emerging markets is driving growth, noting that tokenized gold offers “digital access to one of the world’s oldest hedging assets.”

The increase in holdings and market cap mirrors gold’s rally to record levels amid inflation concerns and central bank accumulation. XAUT gives users exposure to gold’s price movement while maintaining on-chain liquidity and custody transparency.