Tether Holds More Than $800M In Gold: An Insight Into Tether’s Gold Reserve
What distinguishes Tether’s money-printing from that of a private entity like the Federal Reserve? Nothing at all.
Moreover, Tether is increasingly emerging as the new Federal Reserve, having recently declared its foray into the precious metals sector.
The firm has just released its inaugural attestation report for Tether Gold (XAUT), revealing 7.7 tons of physical gold held as collateral. This is a daring initiative in a market that is not easily won over by trust.
An Insight into Tether Gold’s Crypto market Power
Tether Gold (XAUT) is now officially supported by more than 7.7 tons of physical gold, according to a third-party verification from BDO Italia published on Monday. This amounts to over $800 million in value.
Who can say? Perhaps Tether is outshining the Fed.
With a broader transition toward hard assets, XAUT surged from $3,123 to $3,344 between late March and April, elevating its crypto market capitalization to $825 million. As XAUT expands, gold is experiencing a resurgence—and so is tokenized gold.
@Tether_to unveiled its first official attestation for Tether Gold ( $XAUT ) for Q1 2025:
– 7.7 tons of gold backing 246,523 XAU₮ tokens
– $770M trading market capitalization
– Fully regulated in El Salvador
– Each coin = 1 troy ounce of actual gold stored in Switzerland. pic.twitter.com/7PZRATpWfQ— Satoshi Club (@esatoshiclub) April 28, 2025
Tether’s CEO Paolo Ardoino was quick to amplify the message, taking to social media to present XAUT as the stablecoin sector’s golden substitute.
“While central banks are accumulating hundreds of tons of gold, XAUT is poised to become the standard tokenized gold product for individuals and institutions,” remarked Ardoino.
His remark coincides with the trend of central banks increasingly turning towards gold. A report from the World Gold Council indicated that 29% of central banks aim to increase their gold reserves in the coming year.
Why Tether XAUT and Gold Are on the Rise
Digital gold addresses several longstanding issues: no need for vaults, no insurance costs, no shipping hassles. XAUT offers bullion without the complications.
Nonetheless, Tether’s journey to validation remains under scrutiny. The latest attestation verifies the existence of the gold—but skeptics argue it falls short. The absence of more comprehensive financial disclosures continues to provoke doubts, resonating with familiar concerns from the USDT discussion.
Regardless, it appears that Tether is making strides to improve its standing. As Paxos and others enter the similar arena, competition could finally compel the tokenized gold sector to either strengthen itself or dissolve.
The New Digital Benchmark?
XAUT provides cautious investors with a gateway into the trading market without relinquishing their gold.
Whether it becomes a flagship product or merely a stylish gamble, one thing is clear: gold on the distributed database is gaining momentum.
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Essential Insights
- Tether is increasingly emerging as the new Federal Reserve, now announcing its entry into the precious metals sector.
- Tether Gold (XAUT) is now officially substantiated by over 7.7 tons of physical gold, as confirmed by a third-party attestation from BDO Italia released Monday.
- XAUT provides a route into crypto for risk-averse capital while retaining gold as an asset. .
The article Tether Owns Over $800M In Gold: An Insight into Tether’s Gold Reserves appeared first on 99Bitcoins.
