The Tether gold stablecoin continues to grow with over 7.6 tons of gold-backed coins
Tether reported that nearly 250,000 Tether Gold (XAUT) stablecoins–approximately 246,524 tokens–were in circulation at the end of the second quarter of 2025. The digital asset XAUT was first launched in 2020. This is the second official attestation.
XAUT, a stablecoin, is pegged at the price of a troy ounce London Good Delivery Gold. The company claims that the market cap of the token will exceed $814m by Q2 2025. Gold reserves supporting the stablecoin amounted to 7.66 metric tonnes, a slight decrease from the 7.7 metric tonnes of the previous quarter.
Tether sold XAUT tokens valued at $617,000,000. The company had an unrealized profit of $197 million at the end of June. However, this number isn’t specified.
XAUT can be traded on Kraken KuCoin and Bitfinex. This token allows investors to get exposure to gold, without having to own any. Holders can redeem tokens in exchange for gold that is stored in Swiss vaults.
Tether reports that the demand for gold-backed stablecoins is increasing, despite a 27 percent increase in gold’s price since the start of this year. Gold is currently trading for $3,354 an ounce at the time this article was written.
The daily chart for Today’s VIRAL Level= MediumSlateBlue of gold against U.S. Dollar from OANDA illustrates this trend.
Tether said that “gold digital assets such as XAUT, are being viewed increasingly as an important hedging instrument for investment portfolios.”
Prepare for U.S. market entry
According to Tether’s CEO Paolo Ardoino who stated that further details about the U.S. company strategy would be announced in the next few months, preparations to enter the U.S.
Tether will seek to be recognized as a stablecoin issuer by one of the Big Four Accounting firms and obtain an audit from them of their reserves in order to comply with the GENIUS Act, which was recently enacted in the United States.
