Tether has released its first attestation for 2025, which revealed that its digital gold token, Tether Gold (XAU₮), is now backed by over 7.7 tons of physical gold. It is securely stored in Swiss vaults.
As of April 28, Tether Gold’s market capitalization was $770 million, and each token was priced at $3,322.57, according to CoinMarketCap.
Every XAU₮ token is pegged 1:1 with one troy ounce of real gold, which is verified through strict auditing and gold assays. This attestation was conducted under the new regulatory framework in El Salvador to maintain transparency and security.
Tether Gold (XAU₮) Gains Strength Amid Uncertainty
The surge in XAU₮’s popularity during the first quarter comes amid the growing geopolitical tensions. For instance, the new global tariff war and a growing inflation rate are forcing investors to find an alternative option.
While gold prices naturally fluctuate, Tether Gold hit an all-time high of $3,423 on April 21. It shows that the amount of physical gold backing the tokens is the true measure of trust.
The trend fits into a bigger global story. Central banks have been quietly amassing gold reserves amid a weakening U.S. dollar. In 2024 alone, central banks purchased over 1,044 metric tons of gold, according to the World Gold Council.
“Tether Gold continues to demonstrate the strength and resilience of gold as a store of value, especially in times of economic uncertainty,” said Paolo Ardoino, CEO of Tether.
He added further, “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. It’s part of our broader commitment to building financial tools that combine the best of traditional assets with the efficiency of blockchain technology.”
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