Tether announces an independent confirmation report, affirming that over 7.7 tons of real gold back the XAUT token, equivalent to a 1:1 ratio between the token and physical gold.
Tether Holdings has just published the Q1/2025 asset confirmation report for Tether Gold (XAUT), affirming that over 7.7 tons of physical gold fully back the circulating tokens. According to a report conducted by BDO Italia S.p.A., as of March 31, 2025, a total of 246,524.33 troy ounces of pure gold are being held in storage in Switzerland.
The report confirms that each XAUT token continues to be backed 1:1 with an equivalent ounce of gold. At the end of Q1, the cumulative market value of Tether Gold reached 770 million USD, with the price of each token at 3,123.57 USD. A total of 180,777.07 XAUT tokens have been sold, while 65,747.26 tokens are still available for sale.
Screenshot from Tether's attestation. Change in legal and asset management regulations
TG Commodities S.A. de C.V., the issuer of XAUT, has now transitioned to operate under El Salvador's Digital Asset Issuance Law after relocating from the British Virgin Islands (BVI) in January. The company has also registered as a Money Services Business with the U.S. Department of the Treasury's Financial Crimes Enforcement Network (FinCEN).
The report highlights that Tether's gold reserves consist of gold bars certified by the London Bullion Market Association (LBMA), with a regular quality inspection process by independent third parties. According to management policy, gold is valued at fair market prices and assumes ongoing operations.
Tether also points out macroeconomic trends affecting gold's role as a Store of Value (SoV), including strong gold purchases from central banks and increasing inflationary pressures. Specifically, in 2024, global central banks added over 1,044 tons of gold to their reserves, according to data from the World Gold Council.
This independent report confirms that Tether Gold (XAUT) provides users with a crypto asset backed by verifiable physical gold, distinguishing it from non-compliant tokenized products that often rely on 'paper gold' or face various legal uncertainties.
