Tether Secures Over 7.7 Tons of Gold to Back XAUT Token

Tether has revealed in its first attestation report for Tether Gold (XAUT) that it holds over 7.7 tons of physical gold, amounting to 246,523.33 ounces, to back each XAUT token 1:1 with one troy ounce of gold. The gold reserves are stored in a dedicated vault in Switzerland, ensuring secure backing for the tokenized asset. Tether’s CEO Paolo Ardoino highlighted the strong traction XAUT has gained, particularly in emerging markets, and noted the potential boost from upcoming exchange listings. In addition to the gold-backed asset, Tether has maintained a bullish stance on Bitcoin (BTC), describing it as the most forward-looking digital asset for the modern era. The company remains one of the largest investors in Bitcoin education and has aggressively acquired BTC, holding over $8.2 billion in the asset by the end of Q1 2025. The report underscores Tether’s strategy to merge the reliability of traditional assets such as gold with the efficiency of blockchain technology, which could foster investor confidence and drive adoption across these assets.