You Won’t Believe How Much Shiny Stuff Backs Tether’s XAUT Token Now

by

Oh, gold. That most ancient of shiny obsessions, now reimagined for the 21st-century speculator: meet Tether’s gold-backed token, XAUT. According to an official Tether attestation published April 28, the first quarter of 2025 saw XAUT shoot upward in a way that would make even the most seasoned prospector’s whiskers tingle. Each token represents one troy ounce of actual physical gold. Yes, real gold—the kind pirates and Bond villains stash in Swiss vaults—which, in Tether’s case, amounts to almost eight tons. That’s enough to give Scrooge McDuck a panic attack. 🦆💰

Gold Coins Getting Their Time In The Spotlight, Market Yawns In Participation

By the end of March 2025, the market cap for XAU was sitting at a monumental $770 million, with each token trading at a heady $3,123. The party didn’t stop there. A mere fortnight later—just long enough to forget your gym resolution—the token hit an all-time high of $3,423 on April 21, marking a 9.6% jump. Try getting that kind of return from the loose change under your couch cushions.

“Investors should be more interested in the true gold backing (246,523 ounces) rather than dollar denominations, which simply go up and down with the market,” Tether said.

Tether Reports XAU₮ Grows Amid Shifting Monetary Landscape, Releases its First Attestation for Q1 2025, More Than 7.7 Tons of Physical Gold Backing the Token in Circulation

Read more @tethergold

— Tether (@Tether_to) April 28, 2025

BRICS: Distracting the Dollar While Hoarding the Good Stuff

The rise of tokenized gold like XAUT lines up with a two-year global love affair for hoarding gold, especially by central banks. According to the World Gold Council, by end of 2024, the world was lounging atop a lazy 37,755 metric tons of gold. Central banks scooped up 1,044 of those metric tons in a single year—possibly just to feel something amid all the interest rate drama. 🏦

BRICS countries led this shopping spree as they gently (with the subtlety of a raging bull) move away from the ever-wobbly US dollar, presumably to stack their vaults with something that, unlike cryptocurrencies or uncollected parking fines, actually glimmers.

Economic Mood Swings Send Everyone Running Back To Gold

Tether blames a smörgåsbord of factors for the recent investor stampede towards gold: economic freakouts, global political melodrama, and a persistent craving for anything that doesn’t collapse the moment inflation stretches its legs. In 2025, as new trade tariffs started raining down, XAUT’s market size bulked up with the urgency of a bear prepping for hibernation.

Fun twist: El Salvador decided to sprinkle XAUT onto its list of regulated financial products, proving once again that the country is always up for a cameo in the “innovative money” soap opera.


Tether Claims “Gold Standard” While Waving Audit Reports Around

Tether’s CEO, Paolo Ardoino, (likely with a straight face) says XAUT proves gold is as resilient and reliable as that one chair all relatives fight over at family gatherings. The company’s sense of duty goes so far as to ensure that every single token has an LBMA-certified gold bar behind it—audited, of course, in hopes that auditors have better eyesight than pirates did. 🦜

tokenization lets even the gold-curious buy slivers of the good stuff, moving it around with all the fanfare of typing out a text. Gold, it seems, is on a new kind of parade—less “buried treasure” and more “blockchain-friendly heirloom that your grandmother still wants to wear as a brooch.”

Read More

2025-04-30 09:16