Tether’s XAUT Stablecoin Backed by 7.7 Tons of Gold
- Tether confirms XAUT stablecoin is backed by 7.7 tons of gold.
- XAUT’s market cap approaches $800 million.
- Increased demand for gold-backed digital assets.
Tether announced on April 28, 2025, that its XAUT stablecoin is now backed by 7.7 tons of physical gold, equivalent to 246,523.33 ounces, marking significant growth in digital asset reserves.
This confirmation highlights rising interest in gold-backed assets amid global economic uncertainties, causing XAUT’s market cap to near $800 million as its price reached $3,123.57.
XAUT Backed by 246,523 Ounces of Gold
The attestation released by Tether on April 28 confirmed that XAUT is backed by 246,523.33 ounces of gold. This represents increased reserves since late 2024. Paolo Ardoino, CEO of Tether, shared these updates.
Ardoino, a prominent figure within Tether’s leadership, has consistently communicated about reserves. The company, which holds gold, Bitcoin, and US government bonds, has expanded its product line beyond traditional cryptocurrencies.
Gold-Backed Tokens Gain Amid Economic Shifts
The increase in XAUT’s backing has led to a higher market valuation, reflecting investor demand for gold-backed tokens. This demand has aligned with shifts towards safer assets amid economic instability.
Gold-backed digital assets, such as XAUT, offer security and accessibility upon purchase.
“Every XAU₮ in circulation is backed by an equivalent ounce of pure gold (246,523.33 ounces),” Paolo Ardoino, CEO, Tether, affirmed in a Tether Official News.
This trend indicates shifting investor confidence, affected by geopolitical risks and potential trade barriers.
Tether’s Growth Reflects Safe-Haven Asset Trend
Historically, tokenized commodities have shown interest during economic fluctuations. Tether’s gold-backed entry aligns with a growing preference for asset-backed tokens, reminiscent of historical market trends amidst economic downturns.
Analysts suggest Tether’s recent growth may continue if geopolitical risks persist. Gold’s market rally compared to equities signals a diversification trend towards safe-haven assets.
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