Tether, the world's largest stablecoin issuer, has released its first official report on Tether Gold (XAU₮), a token backed by gold.
Gold Token Support
According to the report released at the end of Q1 2025, XAU₮ is backed by over 7.7 tons of gold, making it the largest tokenized gold product on the market. The token is regulated under El Salvadoran law, ensuring a more comprehensible and secure value. The report states that 246,523.33 troy ounces of gold are held safely in Swiss vaults, backing XAU₮ on a 1:1 basis.
Market and Economy
As of publication, XAU₮ was trading at $3,123 per token, giving it a total worth of $770 million. The token peaked at $3,423 on April 21, 2025, as global demand for gold surged during uncertain economic times. Central banks, particularly in BRICS nations, are increasing gold reserves to hedge against inflation and reduce dependence on the U.S. dollar.
Investor Benefits
Tether's CEO Paolo Ardoino emphasized that XAU₮ provides users access to the stability of physical gold in a digital form. 'XAU₮ is secure, easy to transfer, and fully backed by physical gold reserves on a one-to-one basis,' he stated. This positions the token as a reliable option for investors seeking security in uncertain times.
Tether Gold is gaining investor attention due to its gold-backed assets and increasing interest in gold amid economic instability.
