250,000 Tether Gold tokens in circulation are backed by 7.66 tons of gold, Tether says
Quick Take
- Tether says it now has nearly 250,000 Tether Gold (XAU₮) tokens in circulation backed by the equivalent of more than 7.66 tons of gold in total, as of Q2 2025.
Tether says it now has nearly 250,000 Tether Gold (XAU₮) tokens in circulation, as of Q2 2025. Each token is backed 1:1 by a troy ounce of physical gold, the equivalent of more than 7.66 tons of gold in total, the company said in an announcement on Thursday.
“Gold-backed digital assets, such as XAU₮, are increasingly viewed as essential portfolio hedges,” Tether said in a statement, pointing to shifting macroeconomic uncertainties, fiat volatility, and rising debt.
“Tether Gold offers a familiar asset in a future-forward format,” the company added. “As the world rethinks the nature of money, XAU₮ stands ready to serve both as a safe haven and a functional, transferable reserve asset for users across the globe.”
Launched in January 2020, Tether Gold is a stablecoin meant to represent one troy ounce of physical gold, specifically London Good Delivery gold bars. It has a total market capitalization above $830 million, according to Tether’s website.
The XAU₮ token, available on platforms like Kraken, KuCoin, and Bitfinex, is meant to give investors an alternative form of exposure to gold. Holders can reportedly redeem their holdings for physical gold that’s held in Swiss vaults.
Tether’s flagship USD-pegged stablecoin, USDT, is the world's largest with a total market capitalization of $162 billion, according to The Block's price page. Tether CEO Paolo Ardoino has signaled that the company is looking to enter U.S. markets following President Donald Trump’s signing of the GENIUS Act into law.
Ardoino has also said that obtaining a full review from a Big Four audit firm — Deloitte, EY, PwC, or KPMG — is a "top priority."
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