Tether Holds More Than $800M In Gold: An Insight Into Tether’s Gold Reserves
How does Tether’s money printing differ from that of a private entity like the Federal Reserve? It doesn’t.
Moreover, Tether is increasingly being seen as the new Federal Reserve, having announced its entry into the precious metals arena.
The firm has just released its inaugural attestation report for Tether Gold (XAUT), revealing 7.7 tons of physical gold secured as collateral. It’s a daring step to provide proof in a sector where trust is rarely granted.
An Insight into Tether Gold’s Crypto market Position
According to a third-party attestation from BDO Italia released Monday, Tether Gold (XAUT) is now officially underpinned by more than 7.7 tons of physical gold, valued over $800 million.
Who knows—perhaps Tether is emerging as an alternative to the Fed?
Amid a broader trend towards tangible assets, XAUT escalated from $3,123 to $3,344 between late March and April, elevating its crypto market capitalization to $825 million. As XAUT increases, gold is gaining attention—and so is tokenized gold.
@Tether_to has issued its initial official attestation for Tether Gold ( $XAUT ) for Q1 2025:
– 7.7 tons of gold behind 246,523 XAU₮ tokens
– $770M market capitalization
– Fully compliant in El Salvador
– Each token represents 1 troy ounce of authentic gold stored in Switzerland. pic.twitter.com/7PZRATpWfQ— Satoshi Club (@esatoshiclub) April 28, 2025
Tether CEO Paolo Ardoino was quick to stoke interest, taking to social media to position XAUT as the golden alternative in the stablecoin landscape.
“As central banks accumulate hundreds of tons of gold, XAUT aims to become the standard tokenized gold asset for individuals and institutions,” said Ardoino.
His remarks come as central banks increasingly shift towards gold. A World Gold Council report disclosed that 29% of central banks intend to expand their gold reserves within the coming year.
Reasons for the Rise of Tether XAUT and Gold
Digital gold addresses several longstanding issues: no need for vaults, no insurance costs, no shipping hassles. XAUT offers bullion without the complexities.
However, Tether’s journey toward recognition is still in progress. The latest attestation verifies the existence of the gold—but skeptics argue that’s insufficient. The absence of comprehensive financial disclosures raises concerns, mirroring worries from the USDT discussion.
Nonetheless, it appears that Tether is genuinely attempting to improve its reputation. With Paxos and others eyeing the same sector, competition might compel the tokenized gold market to refine itself—or cease to exist.
Is This the New Digital Norm?
XAUT provides risk-sensitive capital a means to enter the crypto space without abandoning gold.
Whether it becomes a leading product or merely a flashy gamble, one thing is clear: on-chain gold is beginning to gain traction.
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Key Insights
- Tether is increasingly adopting the role of the new Fed, as it has now revealed its entry into the precious metals sector.
- Tether Gold (XAUT) is now verified to be supported by over 7.7 tons of physical gold, based on a third-party attestation from BDO Italia released Monday.
- XAUT offers a route for risk-averse assets to enter the crypto domain while keeping their gold investments. .
The article Tether Owns Over $800M In Gold: An Insight into Tether’s Gold Reserve was first published on 99Bitcoins.
