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Tether’s XAUT Token Backed by Nearly 8 Tons of Gold in Swiss Vaults
Tether’s XAUT Token Backed by Nearly 8 Tons of Gold in Swiss Vaults
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Tether’s gold-backed cryptocurrency XAUT demonstrated significant growth in Q1 2025, with its reserves now comprising nearly eight metric tons of physical gold stored in Switzerland. The company’s April 28 attestation confirms each XAUT token remains fully backed by one troy ounce of gold, with total holdings reaching 246,523 ounces.
Market capitalization for the token stood at $770 million as of March 2025, with XAUT trading at $3,123 per token. The price surged to a record $3,423 by April 21, marking a 9.6% quarterly appreciation. "Investors should focus on the physical gold backing rather than dollar denominations," Tether emphasized, highlighting the stability of its commodity-backed approach amidst market volatility.
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