Tether holds more than 7.7 tons of gold backing its XAUT token

The stablecoin glove giant accumulated a total of more than 7.7 tonnes of physical gold to support its tokenized assets, attached gold.

Attached revealed This via a certificate report, the first that the company published for its digital asset Stether Gold (Xaut). Depending on the details, the attachment (USDT) The transmitter said that it currently has pure gold as a reserve medium for each XAUT token in circulation.

Since the report, the company held 246,523.33 ounces of gold, totaling more than 7.7 tonnes.

“Each XAU ₮ token ₮ is supported 1: 1 by an ounce of physical gold Troy, in complete safety in a dedicated safe in world class installations in Switzerland,” noted the USDT transmitter.

The certificate version follows Establishment of its head office In Salvador.

In a comment, Attached The chief executive officer, Paolo Ardoino, said that the tokenized gold product had gained significant traction, including significant growth in the first quarter of 2025.

Ardoino sees that attached gold continues to grow as demand in emerging markets increases. It also expects the new exchanges against Xaut to further stimulate adoption because gold shows greater resilience as a reserve of value. The attachment chief added:

“With XAU ₮, we offer users the possibility of accessing the safety of physical gold in digital form – safe, easily transferable and sustained 1: 1 by fully detained gold reserves. This is part of our broader commitment to create financial tools that combine the best of traditional active ingredients with the efficiency of blockchain technology. ”

Despite this huge gold transport, Tether sees Bitcoin (BTC) As “the most before choice for the digital age”.

The company is underlined as one of the largest investors in the BTC Education Resources. Tether is also an aggressive buyer of Bitcoin, and maintained $ 8.2 billion in BTC At the end of Q1, 2025.

The XAUT market capitalization amounted to more than $ 770 million on April 28, while the price of the token hovered nearly $ 3,300, reflecting the performance of gold. The token reached a summit of $ 3,423 on April 21, 2025.