Tether Gold Surpasses $2 Billion Market Cap Amid Gold Price Rally
Tether Gold (XAUT) has eclipsed a $2 billion market capitalization, marking a significant milestone for the tokenized gold asset. The surge from $1.44 billion at the end of Q3 to $2.1 billion underscores growing institutional demand for verifiable hard assets on-chain. Backed by 375,000 fine troy ounces of physical gold stored in Switzerland, XAU₮ combines the security of bullion with the efficiency of digital ownership.
Gold prices recently breached $3,850 per ounce, fueling interest in tokenized alternatives. "Tether Gold proves real-world assets can thrive on-chain without compromise," said Tether CEO Paolo Ardoino. The asset maintains a 1:1 peg under El Salvador's regulatory framework, with 140,000 tokens remaining available for purchase.
