The golden gold stablecoin, Tether Gold (XAUT), reached a $ 770 million market capitalization on April 28, according to The company’s first authentication Under El Salvador financial regulations.
“While central banks are stacked by a ton of gold, XAut is set to be a standard gold product for people and institutions,” Tether CEO Paolo Ardoino Na -Post In X.
The token has been back 1: 1 by 246,523.33 ounces – more than 7.7 tons – of physical gold stored in a dedicated Swiss vault, Tether says.
Each xauut token represents a troy ounce of LBMA-See-certified gold. Tether said this applies strict controls, including verification of the gold bar and the Pan -time auditing, to maintain confidence in the token.
The testimony will come at a time when global investors are increasingly turned into gold as a fence against economic instability and increasing geopolitical risks.
Central banks, especially in BRICS countries, are buying gold at record levels, accumulating more than 1,044 metric tons in 2024 only, according to the World Gold Council.
The yellow metal touched many record highs in 2025 amid a continuous rally that sees its price about 27% year-to-date. It is currently trading at $ 3,343 per ounce, with more than double since November 2022.
Tether emphasized that unlike other tokenized gold products, Xauut was physically -back and controlled, positioning as a safer choice for users to carefully expose “gold paper”.
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