Tether, a prominent stablecoin issuer, has officially disclosed that it holds over 7.7 tons of physical gold backing its token Tether Gold (XAU₮). This announcement marks a significant milestone in transparency and regulatory compliance.
Overview of Tether Gold Reserves
In its first formal attestation report for Q1 2025, Tether announced it holds 246,523.33 troy ounces of gold. Each XAU₮ token is backed 1:1 by one troy ounce of LBMA-certified physical gold securely stored in a high-security vault in Switzerland.
Market and Value of XAU₮
Currently, XAU₮ has a market capitalization of approximately $770 million, with tokens trading at around $3,123 each. Notably, on April 21, 2025, XAU₮ reached an all-time high of $3,423, reflecting increased investor interest amid global economic uncertainties.
Company Strategy and Future of Assets
Paolo Ardoino, Tether’s CEO, emphasized the growing demand for gold-backed digital assets, particularly in emerging markets. Tether Gold is positioned as a secure and stable store of value, appealing to both retail and institutional investors during volatile periods. The company also maintains a significant investment in Bitcoin, upholding a diversified backing approach for its digital assets.
Tether’s confirmation of holding over 7.7 tons of physical gold solidifies XAU₮’s status as a leading gold-backed stablecoin, combining transparency, security, and market confidence amid heightened economic uncertainty.
