Tether Gold token
Overview
Tether Gold (XAUT) is Tether's gold-backed digital asset, where each token represents one fine troy ounce of physical gold at 99.99% purity, held as London Good Delivery bars in Swiss vaults that are audited, insured and described in reporting as guarded by the Swiss Army. It is a commodity-backed token rather than a fiat stablecoin, so its price tracks the gold price rather than the dollar. Backing is 1:1 and independently attested: Tether publishes quarterly reserves reports for XAUT reviewed by BDO Italia, confirming at least one fine troy ounce of vaulted gold per token in circulation, with one report matching 375,572.297 fine troy ounces to 375,572.247 XAUT outstanding. Tether reported holding over 520,000 troy ounces of gold as of end-2025, and in April 2025 stated that 7.7 tonnes of gold in a Swiss vault backed roughly $770 million of XAUT. Market capitalisation reached $2 billion, nearly 54% of the $3.71 billion tokenised-gold market, and Tether has expanded XAUT to additional chains including BNB Chain. XAUT was launched by Tether as an allocated gold token with quarterly BDO Italia attestations. Reported backing grew from 7.7 tonnes (about $770 million of tokens) in April 2025 to over 520,000 troy ounces by end-2025, market cap passed $2 billion, and the token was expanded to BNB Chain.
Within the DeFi Intel graph, Tether Gold connects to 9 tracked entities, most strongly to Tether, Ethereum, Arbitrum.
Relations
Top connections in the DeFi Intel knowledge graph (confidence-weighted, 9 of 9 total).
| Relation | Connected entity | Confidence |
|---|---|---|
issued_by | Tether | 95% |
deployed_on | Ethereum | 90% |
deployed_on | Arbitrum | 85% |
deployed_on | Polygon | 85% |
deployed_on | Avalanche | 85% |
deployed_on | Monad | 85% |
deployed_on | Celo | 85% |
deployed_on | Plasma | 85% |
deployed_on | Ink | 85% |
Frequently asked questions
What is Tether Gold?
Tether Gold is a stablecoin tracked in the DeFi Intel knowledge graph. It is connected to 9 other tracked entities, most strongly to Tether, Ethereum, Arbitrum.
What type of entity is Tether Gold?
Tether Gold is classified as a stablecoin (token) in the DeFi Intel knowledge graph.
What is Tether Gold connected to?
In the DeFi Intel knowledge graph, Tether Gold is linked to 9 other tracked entities, most strongly to Tether, Ethereum, Arbitrum.
Live news feed, full graph, and search.