Tether Gold (XAUt), a digital asset backed by physical gold, has surged in value alongside rising gold prices amid global economic uncertainty.
Backed by 7.66 tons of fine troy ounces and with over 259,000 tokens in circulation, XAUt now boasts a market cap exceeding $800 million.
Gold hasn’t changed in 5,000 years.
— Tether Gold (@tethergold) July 21, 2025
Now Tether Gold lets you access it like never before: split it, send it, hold it—every token backed by real gold stored in Switzerland.https://t.co/7aFKeEsy9y pic.twitter.com/J9EdPYaigd
Its value closely tracks spot gold, currently trading just under $3,400 per ounce.
Over the past year, XAUt has risen 40%, reflecting broader gains in the gold market.
Central banks added over 1,000 metric tons of gold to reserves in 2024 – marking the third straight year of record accumulation – with 95% of surveyed central banks expecting to further increase holdings.
Institutional investors are also flocking to gold, with ETF inflows reaching $38 billion in H1 2025, adding 397.1 metric tons to collective holdings.
Geopolitical tensions, trade disruptions, and inflation fears continue to boost demand for gold as a safe-haven asset.
Tether Gold is traded on major exchanges like Bybit, Bitfinex, and KuCoin, and has expanded to Thailand’s Maxbit.
A new omnichain version on The Open Network (TON) enhances its blockchain interoperability.
Analysts note that postponed rate cuts due to persistent inflation further support gold’s bullish momentum.
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