Tether Gold Secures First Attestation as Global Demand for Gold Increases

Highlights:

• Tether Gold confirms that each XAUT token is backed by physical gold stored securely in top vaults in Switzerland.
• Global demand for gold rises as economic fears grow, helping Tether Gold reach a market cap of $770 million.
• Tether plans to expand XAUT access in emerging markets, offering users a simple way to hold gold through digital tokens.

Tether has released the first documentation of Tether Gold for the first quarter of this year. The document reveals that the company backs the tokenized gold product with 246,523.33 ounces of gold. The gold is equivalent to 7.7 tons. The attestation proves that Tether pegs each XAUT token 1:1 to physical gold and stores it securely in specialized Swiss vaults.

Tether Reports XAU₮ Grows Amid Shifting Monetary Landscape, Releases its First Attestation for Q1 2025, More Than 7.7 Tons of Physical Gold Backing the Token in Circulation

Read more @tethergold https://t.co/GM2ngyVFO6

— Tether (@Tether_to) April 28, 2025

According to the statement, the price of each token stands at $3,123.57, and the market cap stands at $770 million. Tether described XAUT as the leading tokenized gold product based on its size, strong security standards, and full compliance with applicable laws.

Tether also emphasized that the release of the attestation marks an important step in strengthening the transparency of the project. As more institutional and retail users are showing interest in the company, the goal is to prove that XAUT is 100% backed by physical gold in contrast to other digital offerings.

Global Economic Instability Boosts Tether Gold’s Popularity

Rising global uncertainty has also been a large part of the demand for gold, and thus XAUT, according to Tether. Economic fears, deteriorating geopolitical tensions, and the fear of new trade barriers forced investors towards safer assets in the early quarter of 2025.

As a result, XAUT witnessed its market cap grow higher than ever. Meanwhile, gold itself was the strongest asset during this period. Digital assets backed by gold, meanwhile, continue to gain popularity. 

Gold prices have jumped 26.5% so far this year. However, the S&P 500 has fallen by 6.1%, putting gold on track to outperform stocks for the second year in a row. Central banks hold about 18% of total international reserves, the greatest share in 26 years. A big driver of the accumulation has been China, which has more than doubled its gold reserve share to 7.1% since the start of 2023.

Tether noted that persistent central bank gold buying, especially from BRICS nations, reflects the growing importance of gold as a tool for protecting wealth during periods of financial uncertainty.

Tether Expands XAUT Reach to Emerging Markets

Looking ahead, Tether plans to increase the presence of XAUT. The company is targeting emerging markets, where access to stable assets is increasingly important. Paolo Ardoino, CEO of Tether, said, “With XAU₮, we’re offering users the ability to access the security of physical gold in a digital form—secure, easily transferrable, and backed 1:1 by fully held gold reserves.”

XAUT seeks to provide a familiar and reliable digital alternative for those who have traditionally resorted to gold as a hedge against inflation. XAUT is unlike other tokenized gold products that may not have full physical backing or transparent, verifiable gold reserves for users. Tether Gold continues to remain fully backed and carefully stored. In addition, it is properly verified so that investors can hold gold with the ease of a digital asset.