Behind the Vault Doors: Tether Gold Shines with 375K Troy Ounces in Reserve
Tether, the world’s largest stablecoin issuer, has unveiled its latest attestation for Tether Gold (XAUT) — confirming 375,572 troy ounces of physical gold stored in Swiss vaults. With a $2 billion market cap, XAUT now represents over half of the $3.7 billion tokenized gold market, outpacing rivals like Paxos’ PAXG ($1.3B).
Each XAUT token equals one troy ounce of fine gold, fully backed and verified by TG Commodities S.A. The report also notes $540 million worth of unissued reserves ready for future minting.
Tether CEO Paolo Ardoino called XAUT “proof that real-world assets can thrive on-chain,” as tokenized gold trading hit $1B in 24 hours.
Tether Gold’s attestation reaffirms its dominance — merging blockchain transparency with timeless value.
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