Tether Gold (XAUT) has achieved a market capitalization of $770 million, supported by 7.7 tons of gold stored in a Swiss vault, according to the company. Tether indicated that XAUT's growth has been driven by increasing gold demand, geopolitical tensions, and inflation fears. The report marks XAUT's first attestation under El Salvador's regulatory framework. Each XAUT token corresponds to one troy ounce of LBMA-certified gold. Tether emphasizes rigorous controls, including bar verification and regular audits, to enhance trust in the backing of XAUT. Amid a global trend of rising interest in gold as a hedge against economic instability, central banks, especially in BRICS nations, have purchased record amounts of gold, with over 1,044 metric tons acquired in 2024. The price of gold has surged approximately 27% year-to-date, currently trading at $3,343 per ounce, reflecting more than a doubling since late 2022. As more investors seek safer assets, Tether aims to position XAUT as a reliable and regulated alternative to other gold-backed products.

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