As gold hits record highs amid economic uncertainty, Tether Gold (XAUt) sees continued growth, mirroring institutional and central bank demand for the metal.
A volatile macroeconomic landscape has sparked a new gold rush among institutional investors and central banks, with gold bullion hitting record highs this year — a trend that has also extended to Tether’s gold-backed digital token.
By the end of the second quarter, Tether Gold (XAUt) — a tokenized commodity offering direct exposure to physical bullion — was backed by 7.66 tons of fine troy ounces of gold, according to the company’s latest attestation report, verified by BDO Italia.
This reserve supports over 259,000 XAUt tokens in circulation, giving the asset a total market capitalization exceeding $800 million.
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