Catenaa, Sunday, August 03, 2025- Tether said it now has nearly 250,000 Tether Gold (XAU₮) tokens in circulation, backed by more than 7.66 tons of physical gold, according to its second-quarter update released recently.
Each XAU₮ token represents one troy ounce of gold held in Swiss vaults, with the gold meeting London Good Delivery standards.
The total market capitalization of the gold-backed stablecoin has surpassed $830 million, the company said.
Tether positioned XAU₮ as a hedge against rising debt, volatile fiat currencies, and global economic uncertainty.
“Gold-backed digital assets, such as XAU₮, are increasingly viewed as essential portfolio hedges,” the firm said, calling the token a “familiar asset in a future-forward format” and a “safe haven” with global utility.
Launched in January 2020, XAU₮ offers tokenized access to physical gold via crypto exchanges including Kraken, KuCoin, and Bitfinex.
Tether said token holders are eligible to redeem their XAU₮ for physical gold, although such redemptions are subject to storage and delivery logistics.
Tether’s flagship token, USDT, remains the largest USD-pegged stablecoin globally, with a market capitalization of $162 billion.
CEO Paolo Ardoino recently stated the company plans to expand into U.S. markets following President Donald Trump’s signing of the GENIUS Act.
Ardoino also said securing a comprehensive audit from a Big Four accounting firm remains a top corporate priority.
Tether’s latest disclosures reflect growing institutional focus on transparency, backed assets, and regulatory alignment as digital assets gain traction.
