Stablecoin Giant Tether Has Amassing Over 7.7 Tons of Physical Gold to Back Its Tokenized Asset, Tether Gold

Tether revealed this via an attestation report, the first the company has issued for its digital asset Tether Gold (XAUT). By Antonius Claudius. Updated Apr 28, 2025.

Stablecoin giant Tether has disclosed that it holds over 7.7 tons of physical gold to back its tokenized asset, Tether Gold (XAUT).

The firm made the interesting revelation in an attestation report, the first the company has issued for its digital asset Tether Gold (XAUT). As per the details, the Tether (USDT) issuer said it currently holds pure gold as reserve backing for every XAUT token.

According to the report, the company had 246,523.33 ounces of gold, which comes to more than 7.7 tons in weight.

“Each XAU₮ token is backed 1:1 by one troy ounce of physical gold, securely stored in a dedicated vault within world-class facilities in Switzerland,” the USDT issuer noted.

The attestation follows the recent establishment of Tether’s headquarters in El Salvador.

In a statement, Tether chief executive officer Paolo Ardoino said the tokenized gold product has seen notable traction, especially with significant growth in the first quarter of 2025.

Ardoino sees Tether Gold continuing to grow as demand across emerging markets increases, and he anticipates new exchange listings for XAUT to drive even greater adoption.

The Tether chief adds that gold is showing resilience as a store of value.

“With XAU₮, we’re offering users the ability to access the security of physical gold in a digital form—easily transferable, backed 1:1 by fully held gold reserves, and available around-the-clock. It’s part of our broader commitment to building financial tools that combine the best of traditional assets with the efficiency of blockchain technology,” Ardoino said.

Despite this massive haul of gold, Tether sees Bitcoin (BTC) as “the most forward-looking choice for the digital era.”

The company, which is one of the biggest investors in BTC education, is also a known aggressive buyer of the crypto. According to its last balance sheet, Tether held over $8.2 billion in BTC at the end of Q1, 2025.

XAUT’s market cap stood at over $770 million as of April 28, while the token’s price was trading at around $3,300, mirroring the performance of gold. The token reached an all-time high of $3,423 on April 21, 2025.