Tether’s digital asset backed by physical gold reserves just surpassed $2 billion in market value, solidifying its position as the top tokenized gold asset.
By the end of Q3, the company says Tether Gold’s (XAUT) market cap hit $1.44 billion, and then surged to nearly $2.1 billion in the following week.
Managed by TG Commodities S.A. de C.V. in El Salvador, XAUT holds 375,572.297 fine troy ounces of physical gold reserves as of September 30th.
This backs 375,572.247 tokens in circulation on a 1:1 basis with reserves of over 11.6 tons stored in Switzerland under London Good Delivery standards.
Says Tether CEO Paolo Ardoino,
“Tether Gold proves that real-world assets can thrive on-chain without compromise. With gold prices at all-time highs and institutional interest in tokenized assets growing, XAUT represents the future of asset ownership, where physical security meets digital freedom.”
Gold’s 2025 rally, driven by persistent inflation and geopolitical tensions, brought the price of the precious metal to $4,379 per troy ounce on October 17th
At time of publishing, the price has pulled back to $3,952, marking a 3.10% increase over the last month and a substantial 42.42% rise year-to-date.
Follow us on X, Facebook and Telegram
Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Check Price Action
Surf The Daily Hodl Mix
 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Generated Image: Midjourney
