Tether Reports XAU₮ Grows Amid Shifting Monetary Landscape, Releases its First Attestation for Q1 2025, More Than 7.7 Tons of Physical Gold Backing the Token in Circulation

A recent statement by Tether Gold showed that over 7.7 tons of physical gold backs Tether Gold's (XAU₮) circulating supply, with the stablecoin now under regulatory watch in El Salvador.

In a recent statement, Tether Gold showed that over 7.7 tons of physical gold backs its (XAU₮) token’s circulating supply, and the stablecoin is now under regulatory watch in El Salvador.

The company’s first attestation for Q1 2025 showed that the price per XAU₮ token reached $3,123.57 when the market capitalization of Tether Gold reached $770 million. The last quarter’s end saw the token hit an all-time high price of $3,423 on April 21, 2025, a 9.6% increase over the quarter.

This is also a global reallocation of reserves strategy. Gold is essential to ensure national wealth safety and reduce vulnerability to any possible economic sanctions or currency instability.

However, Tether said the most significant strength factor was the amount of inventory underlying the tokens, more than 246523 ounces. This is a broader sentiment among institutional and retail investors who want to keep a foot in physical assets as they become less trusting of fiat currencies.

Each troy ounce is stored in a vault in one of Switzerland’s world-class facilities. London Bullion Market Association (LBMA) gold bars are acquired under strict protocol, including verified certificates, rigorously screened counterparty, and periodic gold assays conducted by auditors, which are physically reserved.

Announced in November 2020, Tether Gold is a tokenized version of the world’s most popular precious metal.

After launching on the Ethereum blockchain, the token has since been integrated into other leading blockchains, including Solana, Avalanche, and now The Open Network (TON).

The world’s leading cryptocurrency exchange, Binance, announced on Wednesday that it’s suspending spot trading of several cryptocurrencies, including Monero, in mainland China from September 12.

The move comes after the People’s Bank of China (PBOC) renewed its warnings against cryptocurrencies on Wednesday.

The central bank said in a statement that digital currency is a new form of monetary claim and that it’s fundamentally different from property rights.

The PBOC also said that cryptocurrencies are not a good store of value and that they are highly volatile.

“We have repeatedly warned against the risks of cryptocurrencies and we urge the public to stay vigilant,” the central bank said.

The PBOC’s statement comes amid a broader crackdown on cryptocurrencies in China.

Earlier this year, the central bank banned cryptocurrency exchanges and initial coin offerings.

The move was seen as a blow to the cryptocurrency industry, which had been flourishing in China in recent years.

Despite the ban, cryptocurrency trading continues on peer-to-peer platforms.

The central bank also said on Wednesday that it’s closely monitoring the development of stablecoins.

“We will take necessary measures to ensure the stability of the financial system,” the PBOC said.output: A recent statement by Tether Gold showed that over 7.7 tons of physical gold backs its (XAU₮) token’s circulating supply, and the stablecoin is now under regulatory watch in El Salvador.

The company’s first attestation for Q1 2025 showed that the price per XAU₮ token reached $3,123.57 when the market capitalization of Tether Gold reached $770 million. The last quarter’s end saw the token hit an all-time high price of $3,423 on April 21, 2025, a 9.6% increase over the quarter.

This is also a global reallocation of reserves strategy. Gold is essential to ensure national wealth safety and reduce vulnerability to any possible economic sanctions or currency instability.

However, Ardoino said the most significant strength factor was the amount of inventory underlying the tokens, more than 246523 ounces. This is a broader sentiment among institutional and retail investors who want to keep a foot in physical assets as they become less trusting of fiat currencies.

Each troy ounce is stored in a vault in one of Switzerland’s world-class facilities. London Bullion Market Association (LBMA) gold bars are acquired under strict protocol, including verified certificates, rigorously screened counterparty, and periodic gold assays conducted by auditors, which are physically reserved.

Announced in November 2020, Tether Gold is a tokenized version of the world’s most popular precious metal.

After launching on the Ethereum blockchain, the token has since been integrated into other leading blockchains, including Solana, Avalanche, and now The Open Network (TON).

The move fastens onto the firm’s strategy of having Tether products across numerous blockchains, and today, Tether products operate on over 15 blockchains such as Ethereum, Solana, Polygon, and Avalanche.

“The company’s overall goal with Tether is to provide open