Tether Gold (XAUT) Reserves Exceeded 11.6 Tons in Q3 Amid Yellow Metal's Rally

Tether Gold (XAUT) Reserves Exceeded 11.6 Tons in Q3 Amid Yellow Metal's Rally

Tether's gold-backed token swelled above $2 billion market cap, driven by the yellow metal's price rally and surging retail demand, CEO Ardoino said in an interview.

Tether Gold Backed by 375,000 Ounces of Bullion in Switzerland

Tether Holds 11.6 Tons of Gold in Swiss Vaults Tether said its tokenized gold product, XAUT, was backed by more than 375,000 ounces of physical gold—roughly 11.6 tons—as of Sept. 30. The bars are stored in Switzerland, the company said in a statement. Each token represents one fine troy ounce of gold and is issued by TG Commodities under El Salvador’s digital asset framework. The disclosure offers a rare look into the reserve assets behind one o…

Tether attests to full physical backing for its gold-based token as market value tops $2 billion

Tether’s XAUT value has more than doubled since August amid growing demand for tokenized real-world assets. Source link

Tether's gold-backed token has surpasses $2 billion in market cap

Tether recently shared its report for the third quarter regarding Tether Gold tokens, confirming that each token is fully backed by physical gold stored in Switzerland.  This followed data from TG Commodities S.A. de C.V., based in El Salvador, which highlighted that as of September 30, Tether’s reserves consisted of 375,572 fine troy ounces of gold. Based on its end-of-quarter reference price, the value of this gold was estimated to be about $1…

Tether Gold hits $2b as investors lock into digital bullion

Tether Gold now represents over $2 billion in value, cementing its role as a foundational asset that merges the security of physical bullion with the operational ease of a digital token for a new class of investor. On Oct. 28,…

Tether Confirms Full Gold Backing as XAUT Market Value Tops $2.1B

TL;DR Tether reported that its gold-backed token, XAUT, has surpassed $2 billion in market value, driven by rising gold prices and the expansion of real-world asset tokenization. TG Commodities confirmed that reserves total 375,572 fine troy ounces of gold, equivalent to $1.449 billion. XAUT and PAX Gold together account for nearly 90% of the tokenized gold market, valued at around $3.7 billion. Tether announced that its gold-backed token, XAUT…