Tether Gold rides bullion boom as central banks, ETFs rush to accumulate

Key Points

1. Tether Gold (XAUt) is backed by 7.66 tons of fine gold, supporting over 259,000 tokens with a market cap exceeding $800 million.

2. XAUt's price surged 40% over the past 12 months, mirroring spot gold's performance.

3. Global central banks accumulated over 1,000 metric tons of gold in 2024, marking the third consecutive year of record purchases.

4. Gold ETFs recorded $38 billion in inflows in the first half of 2025, the largest in five years, increasing holdings by 397.1 metric tons.

5. Tether Gold is available on major crypto exchanges and recently expanded to Thailand, with an omnichain version launched on The Open Network (TON).