Tether has launched the Q3 2025 Validation Report for its gold-backed token, Tether Gold (XAUT). The report states that every XAUT token is totally backed by bodily bullion saved in Switzerland.
As of September 30, Tether had 375,572 ounces of pure gold reserves, in keeping with a report ready by El Salvador-based TG Commodities SA de CV. This quantity is valued at roughly $1.44 billion based mostly on quarter-end benchmark costs. The corporate has 522,089 XAUT tokens in circulation, with 139,751 accessible on the market.
The latest surge in gold costs has pushed XAUT’s market capitalization to $2.1 billion, greater than doubling from August’s stage of lower than $850 million.
“Tether Gold proves that real-world belongings can develop on-chain with none compromises,” stated Tether CEO Paolo Ardoino. Ardoino argued that report gold costs and rising institutional investor curiosity in tokenization initiatives current an enormous alternative for XAUT.
Tether Gold and its competitor Pax Gold account for 90% of the whole $3.7 billion tokenized gold market. XAUT has grow to be one of many largest real-world asset (RWA) merchandise on-chain. The pattern towards tokenization has grow to be a sizzling subject amongst monetary establishments and regulators, with U.S. Securities and Change Fee (SEC) Commissioner Hester Peirce saying tokenization is at present a “key focus” for the company.
*This isn’t funding recommendation.
