Tether Gold Sees Continued Growth with Over 7.6 Tons of Gold-Backed Stablecoins
Main Idea
Tether reported significant growth in its Tether Gold (XAUT) stablecoin, with 246,524 tokens in circulation by Q2 2025, backed by 7.66 metric tons of gold, and announced preparations for U.S. market entry.
Key Points
1. Tether Gold (XAUT) had 246,524 tokens in circulation by the end of Q2 2025, with a market capitalization exceeding $814 million.
2. The gold reserves backing XAUT totaled 7.66 metric tons, slightly down from 7.7 metric tons in the previous quarter.
3. Tether has sold XAUT tokens with a reported fair market value of $617 million, with an unrealized profit of $197 million as of June.
4. XAUT is available for trading on Kraken, KuCoin, and Bitfinex, and can be redeemed for physical gold stored in Swiss vaults.
5. Tether CEO Paolo Ardoino stated that preparations for entering the U.S. market are 'in full swing,' with more details to be revealed soon.
Description
Tether reported that nearly 250,000 Tether Gold (XAUT) stablecoins—approximately 246,524 tokens—were in circulation at the end of the second quarter of 2025. This marks the second official attestation of XAUT, the digital asset that was launched in 2020. XAUT is a stablecoin pegged to the price of a troy ounce of London Good Delivery gold. According to the company, the token’s market capitalization exceeded $814 million by the close of Q2 2025. The gold reserves backing the stablecoin totaled 7....
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