Tether Gold (XAUT) Reaches 7.7 Tons of Physical Gold in Q1 2025, Here is the Complete Report!
In the first quarter of 2025, Tether, known as the leading stablecoin issuer, has revealed in their latest report that their gold tokenization product, Tether Gold (XAUT), is now backed by more than 7.7 tons of physical gold. This report marks an important milestone in the evolution of digital assets backed by physical gold.
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Tether Gold Attestation Report
Announced on April 28, the Tether Gold attestation report shows that there are 246,524.33 XAUT tokens in circulation as of March 31. Each XAUT token is backed by one troy ounce of gold, which is stored in a vault in Switzerland. This is equivalent to a total of 246,524.33 ounces or more than 7.7 tons of gold.
The report underscores Tether's commitment to providing financial tools that combine the reliability of traditional assets with the efficiency of blockchain technology. Paolo Ardoino, CEO of Tether, emphasized that XAUT offers the security of physical gold in a digital form that is easy to transfer and fully backed by gold reserves.