Global cryptocurrency exchange Binance has listed the gold-backed stablecoin Tether Gold (XAUT), though the spot trading launch faced a brief 30-minute delay. The exchange announced the listing on March 26, 2026, with trading originally scheduled to commence at 1:30 p.m. UTC. However, Binance later updated the schedule, pushing the start time to 2:00 p.m. UTC. The exchange did not specify the exact reason for the delay but indicated it was related to final operational checks to ensure system stability and a smooth launch for millions of users.
Binance is listing XAUT with a "seed tag," a designation applied to new assets that may exhibit higher volatility. The newly available spot trading pairs are XAUT/USDT, XAUT/BTC, XAUT/U, XAUT/USDC, and XAUT/TRY. Deposits for XAUT opened ahead of trading, with withdrawals scheduled to become available on March 27 at 13:30 (UTC).
Tether CEO Paolo Ardoino publicly welcomed the listing, commenting on the social platform X with a handshake emoji. The listing on the world's largest crypto exchange significantly boosts the accessibility and liquidity profile of XAUT, which represents ownership of one fine troy ounce of physical gold stored in a Swiss vault.
In a separate but related development, Tether, the issuer of XAUT and the dominant stablecoin USDT, has announced a major step towards transparency. The company has engaged a "Big Four" accounting firm to conduct its first full independent financial statement audit. Tether claims this will be "the biggest ever inaugural audit in the history of financial markets." The move is aimed at demonstrating to the global financial and crypto communities that its reserves are fully backed and that it maintains high liquidity and robust risk management. Tether, with a market capitalization exceeding $184 billion and over 550 million users globally, stated the audit reflects its commitment to "global accessibility, financial empowerment, and the unrestricted movement of value across borders."
