Tether Releases Audit Report Results for Gold-Backed Altcoin XAUT
Tether has released its Q3 2025 validation report for its gold-backed token, Tether Gold (XAUT). The report states that each XAUT token is fully backed by physical bullion stored in Switzerland.
According to a report prepared by El Salvador-based TG Commodities SA de CV, Tether's reserves stood at 375,572 ounces of pure gold as of September 30. This amount, based on the end-of-quarter reference price, is valued at approximately $1.44 billion. The company has 522,089 XAUT tokens in circulation, while 139,751 are available for sale.
With the recent surge in gold prices, XAUT's market capitalization has reached $2.1 billion, more than doubling from its August level of less than $850 million.
Tether CEO Paolo Ardoino stated, “Tether Gold proves that real-world assets can thrive on-chain without any compromises.” Ardoino argued that record gold prices and the growing interest of institutional investors in tokenization projects present a major opportunity for XAUT.
Tether Gold and its competitor, PAX Gold, account for 90% of the total $3.7 billion tokenized gold market. XAUT has become one of the largest real-world asset (RWA) products on-chain. The tokenization trend is a growing topic among financial institutions and regulators, with U.S. Securities and Exchange Commission (SEC) Commissioner Hester Peirce stating that tokenization is currently a “major focus” for the agency.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bolivia’s Digital Currency Bet: Navigating Volatility with Stable Solutions
- Bolivia's government permits banks to custody cryptocurrencies and offer crypto-based services, reversing a 2020 ban to combat inflation and dollar shortages. - Stablecoin transactions surged 530% in 2025, with $14.8B processed as Bolivians use USDT to hedge against boliviano depreciation (22% annual inflation). - State-owned YPFB and automakers like Toyota now accept crypto payments, while Banco Bisa launches stablecoin custody to expand financial inclusion for unbanked populations. - The policy faces c
Switzerland's Postponement of Crypto Tax Highlights Worldwide Regulatory Stalemate
- Switzerland delays crypto tax data sharing until 2027 due to ongoing political negotiations over OECD CARF partner jurisdictions. - Revised rules require crypto providers to register and report client data by 2026, but cross-border data exchange remains inactive until 2027. - Global alignment challenges exclude major economies like the U.S., China, and Saudi Arabia from initial data-sharing agreements. - Domestic legal framework passed in 2025, but partner jurisdiction negotiations delay implementation u
Visa and AquaNow Upgrade Payment Infrastructure through Stablecoin Integration
- Visa partners with AquaNow to expand stablecoin settlement in CEMEA via USDC , aiming to cut costs and settlement times. - The initiative builds on a $2.5B annualized pilot program, leveraging stablecoins to modernize payment infrastructure. - Visa's multicoin strategy aligns with industry trends, as regulators and competitors like Mastercard also explore stablecoin integration. - Regulatory progress in Canada and risks like volatility highlight evolving opportunities and challenges in digital asset adop
Bitcoin Updates: Large Holder Liquidations and Retail Investor Anxiety Lead to a Delicate Equilibrium in the Crypto Market
- A long-dormant crypto whale sold 200 BTC after a 3-year hibernation, intensifying market scrutiny over investor sentiment and liquidity shifts. - Bitcoin struggles above $92,000 amid weak technical indicators, mixed ETF flows ($74M inflow for BTC vs. $37M ETH outflow), and diverging institutional/retail behaviors. - Whale activity highlights fragile market balance: large holders accumulate BTC while retail investors liquidate, with over $557M in BTC moved from Coinbase to unknown wallets. - Technical bea
Trending news
MoreCrypto prices
More
