Tether Corroborates $770 Million Worth of Gold Bullion as Reserves for XAUT Stablecoin
Welcome back, crypto enthusiasts! Today we're diving into the world of altcoins, specifically Tether Gold (XAUT). Tether, a leading stablecoin provider, announced a whopping $770 million in physical gold bullion reserves backing its Tether Gold stablecoin.
Launched in 2020, XAUT is a digital asset pegged to the price of one ounce of physical gold. Each token represents direct ownership of gold bars held securely in Swiss vaults. Linus TheWaiter spoke with Tether's CEO, Paolo Ardoino, about the announcement:
This disclosure comes amid ongoing scrutiny over stablecoin reserve transparency in the cryptocurrency industry. Tether added that third-party custodians regularly audit its gold reserves to ensure they match the number of XAUT tokens in circulation, although they remain tight-lipped about the vault locations for security reasons.
Last month, Tether hired a new chief financial officer (CFO) and committed to completing a full audit, underscoring their ongoing effort to maintain transparency. Be sure to check out our exclusive coverage filled with the latest crypto news on [X] Facebook and Telegram!
In other news, aZen Secured a $1.2 million seed round to build DePIN for Ubiquitous AI. Meanwhile, Bitcoin Seoul 2025 hosts global industry leaders for Asia's largest Bitcoin-focused conference. Join us on our journey to the future of finance, including macro, bitcoin, ethereum, crypto, and web 3.
Check out our latest stories, FAQ, and submit your own guest post. Don't forget to subscribe for email alerts and surf The Daily Hodl Mix!
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency, or digital assets. Transfers and trades are at your own risk; any losses you may incur are your responsibility. The Daily Hodl participates in affiliate marketing.
Industry Announcements- aZen Secures $1.2 Million Seed Round...- Bitcoin Seoul 2025 To Host Global...- FLOKI and Rice Robotics Launch AI...- STEPN and Argentina Football Association...- BYDFi Partners With Ledger To Launch Limited...- Team Behind Popular Telegram Wallet Grindery...- Common Launches First Privacy Web App...
Spotlight- Bitcoin Upside Pressure Now Brewing...- Bitcoin ETFs Shatter $2,780,000,000 in Net Inflows...- Federal Reserve's Withdrawal of Crypto Guidance 'Just Lip Service,' Says Senator Cynthia Lummis...- Hackers Create Fake Corporate Entities to Fool Crypto Developers and Spread Malware...
Categories: Bitcoin, Ethereum, Trading, Altcoins, Financeflux, Futuremash, Blockchain, Regulators, HodlX, Press Releases
ABOUT US | EDITORIAL POLICY | PRIVACY POLICY | TERMS AND CONDITIONS | CONTACT | ADVERTISE
JOIN US ON TELEGRAM | JOIN US ON X | JOIN US ON FACEBOOK
© 2025 The Daily Hodl
As of March 31, 2025, Tether's gold reserves backing the Tether Gold (XAUT) stablecoin total 7.7 tons or 246,524.33 XAUT tokens, currently in circulation. Each token carries the value of one troy ounce of physical gold[1][2][4].
The current market value of these gold reserves amounts to roughly $770 million, with $564.67 million worth of gold already sold, and $205.37 million remaining at a price of $3,123.5 per ounce[1][2]. To ensure the reserves align with XAUT token counts, third-party custodians regularly audit the gold reserves[2]. Although Tether doesn't disclose the vault locations for security reasons.
Tether's commitment to transparency is clear, having hired a new CFO and pledged to complete a full audit last month[1]. The unprecedented demand for XAUT arises from economic uncertainty and inflation concerns[1][4]. As we continue to navigate the ever-evolving landscape of the crypto industry, The Daily Hodl remains dedicated to bringing you the latest news, insights, and perspectives. Stay informed and stay ahead of the curve!
[1] CoinMarketCap (2025). Tether Gold (XAUT) Price, Marketcap, Chart and Info - CoinGecko (2025). Tether Gold (XAUT) price, marketcap, chart, and info.[2] Tether (2025). Tether Gold (XAUT) FAQ.[4] Financial Magnets (2025). Tether Gold Launches on July 1, 2020.[7] MarketWatch (2025). Analysis: Digital gold could attract investors wary of inflation.
Investors are flocking to Tether Gold (XAUT), a digital asset pegged to the price of one ounce of physical gold, as the market value of Tether's gold reserves backing the stablecoin currently stands at approximately $770 million. Tether's careful auditing of its gold reserves by third-party custodians underscores their commitment to maintaining transparency in the cryptocurrency industry. As economic uncertainty and inflation concerns grow, Tether Gold offers a secure, easily transferable, and 1:1 backed digital form of physical gold, combining traditional assets with the efficiency of blockchain technology.
