The corporate disclosed that 246,524.33 XAUT tokens are at the moment in circulation. Tether Gold backs every token 1:1 with one troy ounce of gold, safely storing it in Swiss vaults. To date, it has offered 180,777.07 tokens, totaling $564.67 million in gold. The remaining tokens, value round $205.37 million, are nonetheless accessible for buy.
Tether calculated the whole token worth based mostly on a gold worth of $3,123.5 per ounce. This places the complete market worth of XAUT at roughly $770.04 million.
The attestation now follows new laws in El Salvador, the place Tether Gold is formally regulated. The bodily gold comes from suppliers licensed by the London Bullion Market Affiliation (LBMA).
Rising international tensions and fears of inflation have pushed extra traders towards gold. Tether famous that this uncertainty is pushing extra customers to decide on property like XAUT.
Latest information helps this pattern. The World Gold Council reported document demand in late 2024. Central banks bought over 1,000 metric tons of gold final yr, together with 332.9 metric tons in This fall.
A drop within the U.S. Dollar Index was additionally reported, serving to push gold to a brand new excessive. XAUT adopted this rise, reaching a document market cap of $853.7 million.
CoinGecko lists Tether Gold as the highest tokenized gold asset by market dimension.
