Tether has published Q4 2025 attestations for its XAUT gold-backed stablecoin.
XAUT currently ranks 1st place for stablecoins that are tied to the traditional commodity assets such as gold, silver or copper. At the end of last year, it reported gold reserves equivalent of 520K troy ounces with the same amount in XAUT circulation.
With a reported $2.2B market value (at the time of the attestation, at the time of writing it is around $2.6B) and over 400K in XAUT sold already, this represents more than 50% of the overall gold-backed stablecoin market.
CEO Paolo Ardoino expressed:
XAU₮ exists to remove ambiguity at a time when confidence in monetary systems is weakening and it is being put through a pressure test by both institutions and people. ”
An important caveat for this type of offering is that Tether is physically storing every ounce of gold that is minted via XAUT at secure custodians.
Holders of XAUT can redeem and physically order their balance in gold from partner issuers like TG Commodities.
As fiat currencies become intertwined with their stablecoin equivalents, and the underlying purchasing power to real inflation rate becomes worse for the consumer, gold-referenced assets like Tether’s XAUT are alternatives that protect the store of value.
