Tether Holds Over $800 Million in Gold: Insights into Tether's Gold Reserves

Tether is experiencing a significant transformation as it announces entry into the precious metals sector. In its first attestation report regarding Tether Gold (XAUT), the firm disclosed that it holds over 7.7 tons of physical gold valued at more than $800 million. This shift signals Tether’s aspirations to possibly rival established institutions like the Federal Reserve.

A Glimpse into Tether Gold’s Market Strength

According to a third-party attestation from BDO Italia, Tether Gold (XAUT) boasts more than 7.7 tons of gold, underlining a market cap soaring to $825 million. This evolution has seen XAUT’s value appreciate from $3,123 to $3,344 within weeks, riding on the wave of increasing demand for tangible assets.

🚨 @Tether_to revealed its first official attestation for Tether Gold ( $XAUT ) for Q1 2025: – 7.7 tons of gold backing 246,523 XAU₮ tokens
– $770M market cap
– Fully regulated in El Salvador
– Each token equals 1 troy ounce of actual gold stored in Switzerland. pic.twitter.com/7PZRATpWfQ
— Satoshi Club @esatoshiclub April 28, 2025.

Tether’s CEO Paolo Ardoino is promoting XAUT as a favorable alternative to standard stablecoins amidst increasing central bank investments in gold.

“As central banks accumulate vast amounts of gold, XAUT is positioned to become the premier tokenized gold offering for individuals and organizations,” Ardoino expressed.

The integration of digital assets with physical gold offers multiple advantages, streamlining operations without conventional vaults and insurance fees. However, Tether’s credibility remains scrutinized as calls for more substantial transparency grow.

Key Takeaways

Tether is progressively stepping into the role of a central banking equivalent through its gold-backed offerings.
With over 7.7 tons of gold backing Tether Gold, significant market movements hint at its potential impact in cryptocurrency.
XAUT provides a gateway for cautious investors into cryptocurrency while keeping gold in consideration.

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