28-7-2025 – Tether’s gold-backed token, XAUt, has exceeded $800 million in market capitalization as investors flock to safe-haven assets amid global economic uncertainty, according to a Q2 attestation by BDO Italia, first reported by Tether. Backed by 7.66 tons of physical gold, each of the 259,000 circulating XAUt tokens represents one troy ounce, with its price closely tracking spot gold at just under $3,400, up 40% year-over-year.
XAUt’s appeal lies in its blend of gold’s stability and blockchain’s efficiency, offering investors a digital asset tradable on major exchanges like Bitfinex, Bybit, KuCoin, and BingX. Its recent expansion into Thailand via Maxbit and the launch of an omnichain version on The Open Network (TON) through Tether’s USDT0 liquidity network highlight efforts to enhance accessibility and interoperability.
This positions XAUt as a bridge between traditional commodities and decentralized finance, catering to both institutional and retail investors seeking portfolio diversification. The token’s rise reflects broader market trends, with gold gaining traction as a hedge against inflation and geopolitical risks.
