Tether Gold (XAU₮) Attestation Reveals $770M Market Cap Backed by 7.7 Tons of Gold

BTCC / BTCC Square / Global Cryptocurrency /

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2025-04-28 17:56:02

Tether’s gold-backed token XAU₮ now commands a $770 million market capitalization, underpinned by 246,523 troy ounces of physical gold stored in Swiss vaults. The Q1 2025 attestation confirms its position as the largest tokenized gold product globally, with each token representing 1:1 ownership of the precious metal.

Regulated under El Salvadoran law, XAU₮ traded at $3,123 during the report’s release—down from its April 21 peak of $3,423 when economic uncertainty drove global gold demand. The transparency of physical backing distinguishes Tether’s offering in the crowded commodity-tokenization space.

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