Tether Dominates $4B Gold-Backed Market

Tether Dominates Gold-Backed Stablecoin Market with XAU₮

• Tether’s gold-backed stablecoin, XAU₮, has surpassed $2.2 billion in market capitalization.
• XAU₮ represents more than half of the total tokenized gold market, which is slightly above $4 billion.
• Gold prices have surged to nearly $5,100 per ounce since late September 2025.
• Tether holds over 520,000 fine troy ounces of physical gold backing an equivalent number of XAU₮ tokens.
• The reserves are stored in Switzerland under London Bullion Market Association standards.
• In Q4 2025, Tether added approximately 27 metric tons of gold to its reserves.

Tether’s XAU₮ stablecoin now leads the tokenized gold market with a valuation exceeding $2.2 billion, amid rising gold prices and increased investor interest. The company’s substantial gold reserves place it among the top global holders.