Tether Corporation Declares Presence of $770 Million in Gold Bullion, Securing Backing for XAUT Stablecoin Asset
Here's a fresh take on the article you provided:
Gold-Backed Stablecoin Grows: Tether Gold Hits $770 Million in Reserves
Tether, the company behind several cryptocurrencies, including USDT, revealed they hold a whopping $770 million in physical gold reserves for their Tether Gold (XAUT) stablecoin as of Q1 2025.
Launched in 2020, XAUT is a digital token pegged to the price of one ounce of physical gold. In a recent statement, Tether's CEO Paolo Ardoino explained,
"XAUT offers users the ability to access the security of physical gold in a digital format. It's an accessible and easily transferable form, backed 1:1 by fully-held gold reserves. Our mission is to create financial tools that harness the power of blockchain technology and traditional assets."
Amid growing uncertainty in the global economy and ongoing scrutiny over stablecoin reserves in the cryptocurrency industry, the disclosure by Tether aims to demonstrate the strength and reliability of its XAUT gold-backed stablecoin.
To maintain transparency, Tether regularly audits its gold reserves with third-party custodians, ensuring they match the number of XAUT tokens circulating in the market. Although the vault locations are not disclosed due to security concerns, the company is dedicated to completing a full audit and recently hired a new CFO to help streamline the process.
In the last month, the global crypto market has experienced significant volatility. Despite these fluctuations, XAUT's market performance has remained resilient, briefly touching $817 million before settling at $770 million according to the latest report. Gold prices, meanwhile, have shown steady growth, surging from an average of $3,123.5 per ounce during Q1 to nearly $3,322.4 by late April 2025.
As economic instability continues, Tether Gold's success paves the way for digital gold ownership as a viable alternative to traditional physical gold investment.
Join us on X, Facebook, and Telegram to stay up-to-date on the latest industry trends and news about Tether Gold!
Industry Announcements
- aZen Raises $1.2M Seed Round, Launches DePIN for Ubiquitous AI (May 2, 2025)
- Bitcoin Seoul 2025: Asia's Largest Bitcoin- Focused Conference (April 30, 2025)
- FLOKI and Rice Robotics Launch AI Companion Robot with Token Rewards (April 30, 2025)
- STEPN and the Argentina Football Association Announce NFT Drop (April 30, 2025)
- BYDFi Partners with Ledger, Debuts Limited Edition Hardware Wallet at TOKEN2049 Dubai (April 30, 2025)
- Team Behind Telegram Wallet Grindery Unveils Web3 Infrastructure for AI Agents (April 30, 2025)
- Common Launches First Privacy Web App with Subsecond Proving Times for Arbitrum and Aleph Zero EVM (April 29, 2025)
Notes:
The disclosed 7.7 tons of gold reserves for XAUT are equivalent to approximately 246,523 to 246,524 ounces. The token's market capitalization briefly reached a peak of $817 million in April 2025.
As economic instability continues, XAUT's success paves the way for digital gold ownership as a viable alternative to traditional physical gold investment.
Adoption of Tether Gold has grown, with the sale of 180,777 tokens out of a total minted supply, leaving 65,747 tokens available. The company operates under El Salvador's regulatory framework to ensure transparency.
- In the cryptocurrency industry, altcoins like Tether Gold (XAUT) are gaining traction, with Tether adding $770 million in physical gold reserves for their gold-backed stablecoin by Q1 2025.
- Especially in the current economic instability, Tether Gold's success demonstrates the potential of cryptocurrency as a viable alternative to traditional physical gold investment, powered by blockchain technology.
- Amid ongoing scrutiny over stablecoin reserves, Tether openly discloses their gold reserves, regularly audited by third-party custodians, to assure transparency.
- As finance and technology continue to intertwine, industries such as AI are integrating with cryptocurrencies, leading to the launch of projects like aZen's DePIN for Ubiquitous AI.
- It's important to note that while Tether Gold has shown resilience in market performance, investments in digital assets, including cryptocurrencies, come with their own risks, and a disclaimer should be applied.
