Tether Gold Surpasses $800M Market Cap as Gold Demand Soars
Amid rising global uncertainty and a surge in demand for safe-haven assets, Tether’s gold-backed token, XAUt, is gaining serious traction among investors.
Backed by 7.66 tons of physical gold, Tether Gold has now crossed $800 million in market capitalization, according to a Q2 attestation by BDO Italia.
Over 259,000 XAUt tokens are currently in circulation, each representing one troy ounce of real gold. The asset’s price tracks closely with spot gold, which is hovering just below $3,400—up 40% over the past year.
XAUt combines physical gold’s stability with the speed and flexibility of blockchain, offering users on-chain access to one of the world’s oldest stores of value. The token is actively traded on major exchanges including Bitfinex, Bybit, KuCoin, and BingX, and has recently expanded into Thailand through Maxbit.
Tether is also innovating with interoperability. Its omnichain version of XAUt, launched via the USDT0 liquidity network on The Open Network (TON), marks another step in merging traditional commodities with blockchain efficiency.
Alexander Zdravkov is a market analyst and crypto journalist with interests in economics, broader financial markets and digital assets. His journey into crypto began more than four years ago, driven by a fascination with the rapid evolution of blockchain technology and the transformative potential of decentralized finance. He began analyzing market cycles and identifying emerging trends before they reach the mainstream. He holds a degree in International Relations - a background that helped shape his broader perspective on global economics, geopolitics, and the interconnected nature of modern financial markets. Whether covering the latest developments in the crypto sector or exploring broader macroeconomic themes, Alexander focuses on giving readers context rather than simply repeating headlines. During his career, he has authored more than 10,000 articles covering cryptocurrencies, traditional finance, and global market developments. His work spans everything from Bitcoin and altcoins to macroeconomic trends influencing risk assets worldwide.
