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Tether Publishes First XAU₮ Audit, Reveals 7.7 Tons of Gold Backing
Tether Publishes First XAU₮ Audit, Reveals 7.7 Tons of Gold Backing
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Tether has released its inaugural audit for XAU₮, the gold-pegged stablecoin, confirming 1:1 backing by physical gold. The reserves—7.7 metric tons of LBMA-standard gold—are vaulted in Switzerland. This transparency push follows XAU₮’ s $770 million market cap milestone and an April 2025 all-time high of $3,423 per token.
The audit underscores Tether’s strategy to bolster confidence in its stablecoin suite amid regulatory scrutiny. Notably, the report emphasizes reserve adequacy over gold price volatility—a critical distinction as institutional demand for crypto-collateralized assets grows.
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