Hold Your Horses! Tether’s Gold Hoard Just Got Heavy—7.7 Tons and Counting 💰🐴

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Tether, that slick outfit tossing stablecoins around like hotcakes, just laid out their Q1 2025 tale of Tether Gold (XAUT). Turns out, they’re lugging over 7.7 tons of physical gold locked up tighter than a clam’s secret, backing those shiny digital tokens.

Now, in a world twisted by inflation and spiced with a good dose of geopolitical drama, folks are itching to clutch something real—gold, not just glitzy numbers on screens.

Gold Reserves at Tether: More Than a Pebble in the Pocket

April 28, the company waved their flag: by March 31, 246,524.33 shiny, gold-secure XAUT tokens floated in the wild. Each one holds a promise—a claim on one troy ounce of solid, cold gold stashed away in Swiss caves guarded like grandma’s secret cookie jar. Add it up, and you get yourself 246,524.33 ounces, tipping the scales at over 7.7 tons of the shiny stuff. That’d make old John D. Rockefeller do a double take.

“With XAUT, we ain’t just selling pixels; we’re offering the feel of real gold, safe and sound, zipped into digital form—easy to hand over, harder to lose, and backed one-to-one by vaults that don’t mess around,” Paolo Ardoino, the head honcho at Tether, said, proving he’s got more than just blockchain buzzwords up his sleeve.

Of those minted tokens, about 180,777.07 have already shipped off to eager hands, tied to gold worth roughly $564.67 million—yeah, that’s half a billion-plus to dangle in your virtual pocket.

The rest, 65,747.26 tokens, are still hangin’ ‘round, supported by gold thought to be worth about $205.37 million. Counting it all up—with gold priced at $3,123.50 per ounce—these tokens ring in at a whooping $770.04 million, which means if gold were a casino chip, Tether’s playing for keeps.

This shiny truth was audited under the new rules drawn up in El Salvador, where Tether Gold now dances in the regulatory spotlight. Meanwhile, the London Bullion Market Association (LBMA) plays its part, dabbling the physical gold that props up XAUT.

The uptick in XAUT’s fanbase? Tether points fingers at the world’s messy economy, trade wars that could turn your morning coffee into a political thriller, and a hunger for assets that don’t vanish when the dollar gets the hiccups.

“Gold’s got grit,” Ardoino quipped. “It sticks around as a safe haven when all the smoke and mirrors go up in the air.”

His tune matches wider whispers. The World Gold Council rattled off figures: gold’s demand crept up 1% year-over-year in Q4 2024, topping records like a stubborn mule. Central banks weren’t shy either—buying up a monstrous 1,044.6 metric tons in 2024, with 332.9 of those tons scooped up in the last quarter alone.

And if you were wondering why gold’s headline act shone so bright, just look at the US Dollar Index (DXY) taking a nosedive to a three-year low. One can’t help but smile watching gold ride that wave, hitting new all-time highs while the dollar trips over its own feet.

With chaos in the air, gold pulls a Houdini—transforming into a trusty hedge against financial hiccups, and giving tokenized products like XAUT their moment to shine. According to the number crunchers at BeInCrypto, XAUT’s market cap hit a record $853.7 million last week—enough to make even the stoniest skeptic crack a grin.

And not to be outdone, CoinGecko chimes in, crowning Tether Gold as the heavyweight champ of tokenized gold, sealing its place in the wild west of digital assets.

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2025-04-29 09:40